Please discuss the following:
5. Legal Forces in Italy
6. Financial Forces in Italy
7. Labor Forces Italy
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5. Legal Forces in Italy
In regard to the international business management and the legal forces that dictate the business economy for international businesses isn't restricted to native Italians as foreigners have the capability of managing and being represented in a company in Italy but the law mandates that the majority of the capital be held by Italian or European Union individuals and/or companies. The majority of directors must also be from Italy or from the EU. Foreigners can establish joint ventures inside of Italy through the form of limited liability companies (Società di Capitali) and partnerships (Società di Persone), with different incorporation procedures and related cost and fees.
Limited Liability Companies
The most common types of limited liability companies in Italy are the Società per Azioni (S.p.A.) and the Società a Responsabilita' Limitata (S.r.l.). Medium and large companies typically characterize the S.p.A. and this entails companies incorporated by means of a public deed that must be filed at the Chamber of Commerce's Companies Register. With few exceptions the legal minimum statutory capital for an S.p.A. is US$177,300 with shareholders of an S.p.A. capable of choosing a corporate governance structure from three separate structures including the ability to appoint a board of Directors or sole Director as well as a Board of Statutory Auditors. Under this paradigm the accounting experts take responsibility for the supervision over the company's management and auditing is entrusted to an external auditor or an auditing firm chosen by the shareholders.
The second structure that may be chosen by shareholders is the Board of Directors, appointed by the shareholders, that ...
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