What are the differences between ENI and Unipessoal?

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Sole proprietorship is the simplest legal form of incorporating a company. It is a type of company owned by only one individual or natural person, more aimed at small businesses, with low risk and low investment. In this type of company, the commercial name must consist of the full or abbreviated civil name of the entrepreneur and may include an expression related to the activity carried out. If the entrepreneur has obtained the company through succession, he or she may add to the name “successor of” or “heir of”.



Single-Member Limited Liability Company
A Limited Liability Company is also formed by a single line phone number data (individual or legal person) and the company's corporate name must contain the word “Unipessoal” or the expression “Sociedade Unipessoal”, followed by “Limitada” or the corresponding abbreviation “Lda”.



Share Capital


Sole Proprietor


There is no mandatory minimum share capital to start a business as an individual entrepreneur, given that the entrepreneur is unlimitedly liable for debts incurred in the exercise of the activity.



Single-Member Limited Liability Company
In a single-member company, the share capital is mandatory and is freely set by the partners (subscription starts at 1 euro and paid up by the end of the first financial year).



Heritage and Responsibility


Sole Proprietor


Personal assets and business assets are one and the same in the case of a sole trader. The sole trader is liable for all debts incurred by the company with all assets that make up his personal or business assets.