Browsing by Author "Abraham HailemeskelKerga"
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Item Evaluating the Viability and Hurdles in Introducing one-Member PLCs: A Comparative Study from the Standpoints of Sole Proprietorships and PLCs(Addis Ababa University, 2024-05) Abraham HailemeskelKerga; Zekarias Keneaa (Associate Professor)In 2021, the reform of the Commercial Code in Ethiopia introduced a much-awaited novelty: the One-Member Private Limited Company. This was mainly in response to criticisms against the previous framework, which excluded single investors from limited liability protections. This research investigates the viability and challenges of implementing OMPLC in Ethiopia, and it also compares it with existing sole proprietorships and PLCs. It critically analyzes the practical implementation of the OMPLC legal provisions, mainly to assess their viability and identify challenges. This comprehensive thesis, encompassing both legal and practical investigation, reveals a lower level of viability for OMPLCs due to a significant number of challenges hindering their effectiveness. In conclusion, the research proposes recommendations for legislative amendments to the governing laws. It also recommends simplification of registration process, creation of awareness, government support etc… to uplift the effectiveness of OMPLCs.