Abstract

In order to reduce starting costs and facilitate the investments, in 2012 and 2013, Italy has introduced special regulations for "simplified limited liability companies", "innovative start-ups" and "ordinary" LTD. The former and the latter are allowed to start operations with a minimum capital of 1 euro under the condition, for the "ordinary" LTD, that part of the profits are set aside in order to increase the legal reserve; on their part, the "innovative start-ups" incorporated under the form of a LTD are granted special advantages (such as the possibility to create and issue categories of quotas granting special patrimonial and management rights, to launch public offering of the quotas, and to issue financial instruments). After describing the reforms, this paper identifies some critical aspects with respect the Italian corporate law system and comparative analyses.