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Stimulation of the business environment through LLC-Debutant

Author

Listed:
  • Claudia Isac

    (University of Petroșani, Romania)

  • Codruța Dura

    (University of Petroșani, Romania)

Abstract

The important contribution of SMEs to the economic growth is a fact widely recognized due to the social and economic effects which have influenced the classification of SMEs as an engine of the national economy. Thus, in the first part of the paper we have presented, in addition to the defining characteristics of SMEs, legislative aspects with regard to the start-up and the development of LLC-D in Romania, as a stimulus of SMEs to develop entrepreneurial attitudes. Further on we have highlighted the benefits of setting up such companies, advantages that cover both organizational and financial aspects, namely tax exemptions and facilities to finance the activities of the LLC-D. At the end of the paper we have made a statistical analysis on the evolution of the number of LLC-D based on various criteria, such as: the number of companies/inhabitants, the number of companies within a county, the number of companies according to the main object of activity, etc.

Suggested Citation

  • Claudia Isac & Codruța Dura, 2015. "Stimulation of the business environment through LLC-Debutant," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 15(1), pages 163-170.
    • Handle: RePEc:pet:annals:v:15:y:2015:i:1:p:163-170
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    More about this item

    Keywords

    entrepreneur; SMM; entrepreneurial phenomenon; SRL-D; tax advantages;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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