tkéstársaságok

Tkéstársaságok, often translated as "stock companies" or "joint-stock companies," are a fundamental form of business organization in Hungary. They represent a legal entity separate from its owners, with liability limited to the amount of capital invested. This structure allows for the pooling of significant capital from multiple investors, facilitating larger-scale ventures and economic development.

The establishment of a tkéstársaság requires a memorandum of association and articles of association, which outline the company's purpose, capital structure, and governance. The ownership is divided into shares, which can be publicly traded on stock exchanges or held privately. Shareholders are not personally liable for the company's debts beyond their investment.

Tkéstársaságok are governed by a supervisory board and a management board. The general meeting of shareholders is the supreme decision-making body. This corporate governance structure aims to ensure accountability and transparency in the company's operations. They play a vital role in the Hungarian economy, serving as a vehicle for investment, job creation, and innovation across various sectors. The concept is closely aligned with that of corporations in other legal systems, providing a framework for organized and large-scale commercial activity.