It has been some years that the Simplified Limited Liability Company was introduced in the Italian Civil Code and it has made its way as a viable, fast and cheap to form a subsidiary in Italy. SRLS company structure is very similar to a limited company and it is granted ‘separate legal personality’, which means that the company will be liable for its obligations and torts rather than the shareholders and the directors. SRLS is designed to help young entrepreneurs to create a company with a feasible amount of investment. Incorporation of an SRLS is simpler and cheaper that … [Read more...] about Setting Up A Simplified Limited Liability Company In Italy
There are two factors that would suggest that we are facing a new financial bubble: on the one hand, the rapid rise in bitocin prices. (The cryptocurrency has, in fact, exceeded for the first time the 10 thousand dollars, then even 11 thousand a few hours later and then return in the evening, to $ 9,500, confirming his volatile nature. Just one year ago it was just over 700 dollars, at the beginning of the year, and only one month and a half ago it broke through the threshold of 5.000. Today it is at levels equal to more than double). On the other hand, we are assisting to a return on … [Read more...] about Bitcoin: financial Bubble?
Starting a business can likely provide you with a more rewarding life, but it requires careful planning and consideration in order to succeed. Before to start it is important: 1) to have a good business plan (including a brand, a name and a good level of competitor knowledge), 2) to understand your costs before you get going, and 3) to manage your finances once you have started your business. When you are starting a business, taking care of these key start-up tasks properly, and in the right sequence, can help boost your chances of success and get your new venture off to a great … [Read more...] about Set Up A Business In the UK
Cash Pooling is a cash management technique employed by financial institution, namely holding companies to concentrate – materially or virtually – their cash flows in a sole fund, to better manage the company’s economic resource. Cash pooling indeed allows companies to combine their credit and debit positions of different accounts into one and includes techniques like notional cash pooling and cash concentration. Notional cash pooling is the mechanism through which companies put together different balances in order to avoid low balance or transaction fees. It is a tool for calculating … [Read more...] about International Cash Pooling
Anglo-Saxon basic approach in contract law clearly demonstrates an attitude inclined to enhance commerce, supporting a lasseiz-faire regime, which has party autonomy as its predominant value. In point of fact, one of the main features of English contract law is the protection of freedom of contract principle as a starting point and main pillar of the entire discipline. We know that one of the main differences between Common Law and Civil Law systems is the existence, for these latter, of codes establishing basic provisions to regulate the most various fields of law. It is thus likely to assume … [Read more...] about Atypical contracts under italian law
In recent years, the Italian Insolvency Law has been the subject of several reforms, all of them purporting to encourage economic growth, simplify the procedure for each insolvency proceeding and facilitate investments in financially distressed companies. When dealing with bad debt’ situations, bankruptcy’s ghost is just around the corner. Our insight will provide you with some basic information on the most common issues arising out of management of insolvency and bankruptcy procedures for companies in Italy. First things first, what is bankruptcy? Currently, the Italian Insolvency Law … [Read more...] about How to deal with insolvency in Italy