An Analysis of the Main Forms of Legal Organization Used in Running Small Businesses in Romania

Abstract

The flexibility of small business lies in their ability to seize the opportunities offered by the market and to adapt quickly to changes in demand. Small business, because of their relatively limited size and productive potential, cannot develop a wide range of products or services, being obliged to concentrate their activity on the production of homogeneous goods or services, within a restricted regulation. In the case of a small business, the character, skills, expertise, attitudes, and behaviour of the entrepreneur exert a decisive influence on the activity of the enterprise. This paper is focussed on analysing the evolution of active number of small businesses in Romania. In this direction we will present statistic research regarding the main forms of legal organization used in running small businesses, registered in the latest years in Romania.

Keywords

• sole proprietorship
• family business
• authorized natural person
• debutante limited liability company