– a private limited company (PSC) acquires legal personality and is a commercial company, even if its purpose is not a commercial enterprise. – The partners of an IΚE are not liable for its debts, but their liability is limited up to the share capital amount with which they contribute to the company. – An IKE may also be formed by a single person (natural or legal), i.e. it may be a one-person company from the outset or may subsequently become a one-person company. – An IKE always has capital, with a minimum amount of capital of one (1) euro, corresponding to one company share.Furthermore, its uniqueness in relation to other legal entities is that the contribution to the capital can either be monetary, non monetary, by providing services instead of money and guarantee contributions.The latter are liable for the debts of the company for three years after its dissolution. – All capital companies, including the  IKE companyhas the same tax treatment, i.e. it keeps C category books (βιβλία τρίτης κατηγορίας όχι διπλογραφικά) and its net profits are taxed with a flat tax of 22%, following the decuction of the expenses from its annual turnover(see Articles 101 § 1, 109 § 1 and 55 § 1 of Law 2238/94, as applicable after the amendments of the recent Law 4110/2013). – The corporate type of the Private Capital Company (PCC) was introduced in 2012 by Law no. 4072/2012 and ensures legal personality by making the company established within the Greek General Chambers of Commerce, regardless of the commerciality of its purpose. Only the company with its own property and not its members is liable for corporate obligations towards third parties.- As it comes in the decision making, he corporate form of IKE provides flexibility in as the meeting can beconvened by the manager 8 days before the day of the meeting and the partners are even informed by e-mail. Yet, the company is not a prerequisite to have a board of directors for its operations, as it can only have even one person as the administrator, to sign all relevant documents and make all transaction, binding the company and on behalf of it.