{"id":6807,"date":"2014-10-17T00:00:00","date_gmt":"2014-10-17T00:00:00","guid":{"rendered":"https:\/\/www.grafisola.at\/en-privileged-status-of-llcs-upon-formation-applies-to-insolvency-1\/"},"modified":"2021-07-22T07:23:08","modified_gmt":"2021-07-22T07:23:08","slug":"en-privileged-status-of-llcs-upon-formation-applies-to-insolvency-1","status":"publish","type":"post","link":"https:\/\/www.grafisola.at\/en\/en-privileged-status-of-llcs-upon-formation-applies-to-insolvency-1\/","title":{"rendered":"Privileged status of LLCs upon formation applies to insolvency"},"content":{"rendered":"<p>In order to facilitate the formation of LLCs, the Tax Amendment Act 2014 introduced a formation privilege in the Limited Liability Companies Act, which reduces shareholders\u00b4 risk capital from \u20ac35,000 to \u20ac10,000 while the privilege applies. This reduction of shareholders\u00b4 economic risk also applies in insolvency cases. As a result, shareholders need not pay more where insolvency proceedings are opened within the 10-year period.<\/p>\n<p>Alexander Isola, ILO Newsletter, October 3, 2014<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t<!-- related files --><\/p>\n<div class=\"news-related news-related-files\">\n<ul>\n<li><span class=\"news-related-files-link\"><a href=\"\/fileadmin\/user_upload\/AI_Privileged_status_of_LLCs_upon_formation_applies_to_insolvency.pdf\" target=\"_blank\" rel=\"noopener\"> Article <\/a><\/span><span class=\"news-related-files-size\"> 182 KB <\/span><\/li>\n<\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In order to facilitate the formation of LLCs, the Tax Amendment Act 2014 introduced a formation privilege in the Limited Liability Companies Act, which reduces shareholders\u00b4 risk capital from \u20ac35,000 to \u20ac10,000 while the privilege applies. This reduction of shareholders\u00b4 economic risk also applies in insolvency cases. As a result, shareholders need not pay more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[70],"tags":[],"class_list":["post-6807","post","type-post","status-publish","format-standard","hentry","category-publications","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Privileged status of LLCs upon formation applies to insolvency - Graf Isola<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.grafisola.at\/en\/en-privileged-status-of-llcs-upon-formation-applies-to-insolvency-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Privileged status of LLCs upon formation applies to insolvency - Graf Isola\" \/>\n<meta property=\"og:description\" content=\"In order to facilitate the formation of LLCs, the Tax Amendment Act 2014 introduced a formation privilege in the Limited Liability Companies Act, which reduces shareholders\u00b4 risk capital from \u20ac35,000 to \u20ac10,000 while the privilege applies. 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