A limited liability company is a type of company established by one or more persons wishing to operate under a common name. A limited liability company is the most common form of company in the Republic of Croatia. It may be established by one or more natural or legal persons who contribute to the pre-agreed share capital. According to the Company law, the minimum share capital for a limited liability company amounts to HRK 20,000.00. In most cases, the share capital is paid in full in cash. The founders are also allowed to partially register things and rights in the share capital, but this is only possible if the minimum amount of HRK 10,000.00 is paid in cash. The roles of the founders do not have to be equal. A limited liability company is established on the basis of a contract signed by all the founders, and this contract is called a partnership agreement. The obligatory bodies of the limited liability company are the management and the assembly of the company. There is also a possibility that the company has a supervisory board, but only if the annual number of employees exceeds 300 or is prescribed by special law.