As our practice as well as considerations of reasonability show the most popular corporate entities for commercial activity in Ukraine are:

- Limited Liability Company (LLC. or LTD.);

- corporate entities in form of the Private Enterprise (PE or PP, the last one abbreviation is transliteration of Ukrainian abbreviation of the same);

- Public Joint-Stock Company (or Open Joint-Stock Company and Public Limited Company as well) and Closed Joint-Stock Company.

Each one of the above types of corporate entities has its key positive and negative features as briefly described in other related articles of this our corporate internet site. Therewith, all the above types of corporate entities are popular first of all due to the reason that they do perform, in accordance with current Ukrainian legislation, the main designation of any corporate entity – to be a proxy between rights and obligations of a natural (private) persons (our attorney at corporate law are convinced that the main reason of appearance of corporate entities was the necessity and desire of ancient businessmen to limit their responsibility concerning the business conducted, or in other words to create some fictitious entity, which could be a barrier between them and their contractors thus allowing acquiring rights but limiting corresponding liabilities, as far as a natural (private) person as a rule is liable for its obligations with all property it has and a corporate entity has no own will and therefore is guided by will of a private (natural) person or persons but holds responsibility of its owners as a general within limits of its property and authorized (share) capital, which is provided by the law and incorporation (statutory) documents of the same).

The above information is provided herein in educational and informative purposes only. It is provided that you have to get appropriate legal advice as regarding the legal and other issues of your interest in Ukraine in order to have the exact, extensive and up-to-date legal and other related information.

Do not hesitate to contact us if you have any questions or issues of legal nature, our Law Firm is working for you and our experienced legal specialists are always ready to help providing the client with appropriate legal consultations, legal reports and summaries, reasonable legal advices and all the other required legal support, assistance, coverage and protection.