The Societas Unius Personae (SUP)

Abstract

The Societas Unius Personae is proposed for the benefit of a quicker and cheaper way of establishing a single-member private limited liability company across the border. In order to achieve this objective, a mandatory full electronic registration procedure is included in the proposed Directive. Although Member States are bound by certain conditions, they have some freedom in designing the (online) registration process and the requested information. As a result, twenty-eight different registration procedures may come into force.

Scrutinizing Perseroan Perorangan: The Brainchild of Societas Unius Personae in the Realm of Indonesian Company Laws

“…93 After all, a single-person limited company is intended for the interest represents a focal role in centring directors on the firm's best interests, guaranteeing that it is steered towards the firm's interests when directors exercise discretional administrative powers. See Daniel Attenborough, "Misreading the Directors' Fiduciary Duty of Good Faith," of a faster and more economical means of establishing an LLC 94 for MSMEs. 95 These advancements prompted the administration and legislature to invest in law, making use of inciting the production of 'new' jobs, preferably 'just around the corner' and to be 'created' by MSMEs, conceivably even larger than by giant enterprises.…”