The legal consequences of being incorporated under a separate legal personality and the liabilities of shareholders at the establishment stage can be listed as follows: The shareholders and, as a general rule, directors are not liable from the total amount of debts of the company; the agreements made on the subscription of an immovable property or some similar rights like ownership rights on the property are valid without a requirement of statutory form ;for economic assets or movables subscribed, the company as the owner may conclude transactions on the assets defined; where the ownership on immovable property or other similar rights are subscribed as capital, than there has to be a registration in the Land Title in order for the company to carry out transactions on such property; the Company may request from each shareholder to comply with their undertakings and and it is entitled to take a legal action before the courts.