The Entrepreneurs’ Organisation into Several Forms of GROUPS under the Law

Abstract

An Economic Interest Group is a form of organisation for participants in an economic or civil activity that has been under regulation in Romania for more than 10 years, nevertheless it is quite rare in the business world today. There is some reluctance to use this form of organisation, which is often mistaken for a Group of Companies, a much more common form, but which has no recognition in terms of a legal person status, i.e., the Group of Companies is not a separate entity with legal personality. The need to bring this form of organisation under regulation was justified by an intention to support the harmonious development of economic activities, as well as their ongoing and balanced expansion throughout the European Community, for the proper working of a single market which offers conditions similar to the those of a national market.