Art.11 of Law no.135/2007 on limited liability companies provides that the company may be established by one or more founders, natural persons and/or legal entities, who are not prohibited by law from doing so. The number of associates may not exceed 50.
A company with more than 50 associates is obliged, within 6 months, to reorganise, to be wound up or to reduce the number of associates. If those conditions are not met, the company will be wound up on the basis of a court judgment, at the request of the interested persons.