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Review paper

TRENDS AND PERSPECTIVES OF INCORPORATION OF THE LIMITED LIABILITY COMPANIES IN BOSNIA AND HERZEGOVINA AND NEIGHBORING COUNTRIES

By
Zoran Vasiljević
Zoran Vasiljević

University of Banja Luka, Banja Luka, Bosnia and Herzegovina

Abstract

The author analyzes the process of establishing companies in Bosnia and
Herzegovina, with an emphasis on limited liability companies, making a
comparison with the surrounding countries and the acquis communautaire. It is
pointed out that the incorporation is not limited to registration and in that sense
the substantive difference between the two terms is explained, especially from
the aspect of defining legal relations from the pre-incorporation phase and
liability for the undertaken obligations. Regarding the registration procedure
itself, it is concluded that in Bosnia and Herzegovina, i.e. its entities and Brčko
District, which are competent for regulating the analyzed matter, the trends of
neighboring countries and the European Union are followed, and that the
improvement is especially related to the introduction of electronic registration,
shortening and facilitating of procedure and rationalization of costs. 

Autor analizira proces osnivanja privrednih društava u Bosni i
Hercegovini, sa naglaskom na društva sa ograničenom odgovornošću, praveći
poređenje sa državama okruženja i pravom Evropske unije. Naglašava se da se
proces osnivanja ne svodi samo na registraciju i u tom smislu se objašnjava
razlika između navedena dva termina, naročito s aspekta definisanja pravnih
odnosa iz faze osnivanja i odgovornosti za preuzete obaveze prije sticanja
pravnog subjektiviteta. U odnosu na samu proceduru registracije, zaključuje se
da se u Bosni i Hercegovini, tj. njenim entitetima i Distriktu Brčko, koji su
nadležni za regulisanje analizirane materije, slijede trendovi susjednih država i
Evropske unije, kao i da se unaprijeđenje posebno primijeti kod uvođenja
elektronske registracije, skraćenja i olakšanja procedure i racionalizacije
troškova registracije. 

Citation

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. 

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