Capital requirements
There is no minimum requirements regarding the initial capital contribution, the members can provise even as less as HUF 1.000 as initial capital.

At least two person as founder are needed to form this type of company, that can be either natural persons or legal entities as well.

The disadvantage of general partnerships is that the liability of the company is unlimited joint and several liablity, so in case the assets of the company does not cover the debts, the members are obligated to settle all the remaining debts of the company.

Mode of representation
All the members are entitled to act or sign on behalf of the company.

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