Korpórum

Korpórum is a Hungarian word that translates to "corporation" or "company" in English. It refers to a legal entity that is separate and distinct from its owners. In Hungary, a korpórum is typically established by one or more individuals or other legal entities and can engage in various business activities, such as manufacturing, trading, or providing services.

The formation of a korpórum involves registration with the relevant authorities, and it has its own rights and obligations. Ownership is usually represented by shares or other forms of equity. The liability of the owners is generally limited to the amount of their investment, meaning their personal assets are protected from the company's debts.

Hungarian law defines different types of korpórum, including the zártkörűen működő részvénytársaság (Zrt.), which is a private limited company, and the nyilvánosan működő részvénytársaság (Nyrt.), which is a public limited company. The latter can have its shares traded on stock exchanges. The specific structure and governance of a korpórum are determined by its articles of association and applicable legislation.