Abstract
The article examines the legal nature of corporations, their definition and
main features. In this material, a comparative analysis of the system of non-subject
partnerships in the UK and Germany is carried out. The article focuses on the evolution of
UK partnerships and types of corporations. The paper indicates that there are no minimum
requirements for authorized capital in the UK. The author points out that in the continental
system, a slightly different approach to defining the types of corporations and indicates that
the system allows corporations to be created in two main directions: non-subject associations
of persons (simple, general and limited partnerships) and legal entities associations of
persons (joint-stock company, joint-stock limited partnership, limited liability company,
cooperative and non-profit association). The materials indicate the main conditions for the
emergence of a limited liability company as a separate institution. The article indicates
that in Germany, stricter requirements for the minimum size of the statutory fund, but
under the influence of uniform directives, in Germany allowed the creation of limited
liability companies with one euro.