International Encyclopedia of Comparative Law Online

Get access

XV. Outlook
(1,511 words)

Volume XIII: Business and Private Organizations | Chapter 2 (1998): Limited Liability Companies and Private Companies

Completed April 1997

Marcus Lutter

359. Structural elements of the LLC/PrC and the reasons for its success. – At the close of 14 subchapters, comprising many details about the LLCs/PrCs in the world, it seems appropriate to recall the main features of this business organization that has not developed spontaneously, but was invented by lawmakers, then spread around the globe in only 100 years and now constitutes…

Cite this page
Marcus Lutter, “XV. Outlook”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 19 January 2022 <>
First published online: 2018

▲   Back to top   ▲