Hungarian company forms
Kft., Bt., Zrt. and the rest — what each Hungarian company form means, who answers for the debts, and what capital it takes to found one.
- Kft.Korlátolt felelősségű társaság — limited liability companyHungary's most widespread company form: members contribute a quota, and do not answer for the company's debts with their own assets.
- Bt.Betéti társaság — limited partnershipA form with two kinds of member: the general partner (beltag) answers with all their assets, the limited partner (kültag) only with their contribution.
- Zrt.Zártkörűen működő részvénytársaság — private company limited by sharesA company whose capital is divided into shares that are not listed on a stock exchange.
- Nyrt.Nyilvánosan működő részvénytársaság — public company limited by sharesA company limited by shares whose shares trade publicly on a regulated market.
- Kkt.Közkereseti társaság — general partnershipA partnership in which every member answers for the company's debts without limit, jointly and severally.
- E.C.Egyéni cég — sole proprietorship companyA registered company founded by a single natural person — not the same as a sole trader (egyéni vállalkozó).
- SzövetkezetSzövetkezet — cooperativeA business built on the members' personal participation and contributions, in which members hold equal voting rights.