This master 's thesis aims to present the historical aspect of the creation of a limited liability company as a legal form of entrepreneurship in which legal or natural persons enter their fundamental roles, which in its tot ality results in the creation of the inital capital necessary for the start of the company's work. That historical concept implies the thesis that the basic motive for establishing this particular form of company consists in an attempt to complementarity b etween the realization of profit and preservation of one's own i.e. private property, which remains beyond the scope of personal responsibility of shareholders. Furthermore, this final work aims to distinguish the mechanisms of responsibility of society me mbers through the establishment of mandatory bodies, but also the possibility of establishing optional bodies as well as their mutual interaction. In addition to the above, this work aims to illustrate the advantages of a limited liability company compared to other capital companies, but also disadvantages, comparing the same with a joint stock company, simple companies or classic trades. In the end, throught the work, emphasis is placed in several places on the rule, i.e. in the attempt to ensure the respo nsible and ethical behaviour of the members of the company's management as the main operating body, since behaviours and attitudes in the business world that are against such a fundamental determination consequently result in the abuse of authority and pos ition, the occurence of damage and ultimately the bankruptcy or liquidation of the company.