THE SECRET SOCIETY, RELATIONS WITH THE ENTERPRISE AND ITS REGULATION IN NATIONAL LEGISLATION

Abstract

A secret society is a company in which one person - a secret partner, invests, that is, participates with a

monetary and non-monetary contribution in the company of another person, an entrepreneur - a public

partner, and on the basis of the contribution acquires the right to participate in the profit and loss of the

company. The secret society is established by the conclusion of an agreement between the secret and the

public partner.

The secret society is not a trading company according to the Law on Trading Companies and it has no legal

personality, no company and does not participate in legal transactions with third parties. This company exists

only in the relations between the secret partner and the entrepreneur - the public partner, it is not registered

in the register of commercial companies which is maintained by a competent authority. Exclusively, the

entrepreneur is the entity that performs in the legal transaction and is the holder of all rights and obligations

from the operation.

The reasons for the creation of the secret company is the fact that this type of company is used for the

realization of business ventures that one does not want to know about, that is, to find out which entity is

behind them.

The secret society due to the simplicity in its creation, the wide flexibility in arranging the relations between

the public and the secret partner, the possibility of finding an easier way of financing the enterprise, the

possibility of securing profit through secret investment, makes this society one of the best forms for

successful realization of the entrepreneur's business venture, on the one hand, and on the other hand, this

company also serves to satisfy the interest of the secret investor, in a way that his investment will be further

away from the general public.