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An Analysis of the Main Forms of Legal Organization Used in Running Small Businesses in Romania

Author

Listed:
  • Dorinela Nancu

    (“Ovidius†University of Constanta)

  • Camelia Mihai

    (“Constantin Bratescu†National Pedagogical College)

Abstract

The flexibility of small business lies in their ability to seize the opportunities offered by the market and to adapt quickly to changes in demand. Small business, because of their relatively limited size and productive potential, cannot develop a wide range of products or services, being obliged to concentrate their activity on the production of homogeneous goods or services, within a restricted regulation. In the case of a small business, the character, skills, expertise, attitudes, and behaviour of the entrepreneur exert a decisive influence on the activity of the enterprise. This paper is focussed on analysing the evolution of active number of small businesses in Romania. In this direction we will present statistic research regarding the main forms of legal organization used in running small businesses, registered in the latest years in Romania.

Suggested Citation

  • Dorinela Nancu & Camelia Mihai, 2021. "An Analysis of the Main Forms of Legal Organization Used in Running Small Businesses in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 419-427, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:419-427
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2021-2/Section%203/33.pdf
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    More about this item

    Keywords

    Sole Proprietorship; Family Business; Authorized Natural Person; Debutante Limited Liability Company;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

    Statistics

    Access and download statistics

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