When choosing a company form, founders usually consider the costs of setting up the company to be the decisive factor. So, those who start a business with a modest budget set up a limited partnership or a limited liability company, those who think bigger set up a limited company, and those who have really big plans set up a public limited company. However, this is not always the right approach.
It is true that a limited partnership is cheaper to set up than a limited company, and a public limited company is more expensive than both, but there are a few other factors that should not be overlooked.
One such factor is the question of liability. It is relatively well known that all members of a kkt. and the internal members of a bt. are liable for the company's debts with their entire assets. In the case of a kft. and an rt., the member is only liable for making the financial contribution they have undertaken available to the company.
Different companies have different prestige values. Therefore, where it is particularly important to gain the trust of customers, it is more advisable to establish a limited liability company or public limited company.
It is not worth setting up a company thinking that it will be fine for now and we can always transform it later (e.g. from a limited partnership to a limited company). Transformation is much more costly and time-consuming than setting up a new company, so it is definitely worth setting up a company that will serve the needs of its members for a long time.