> There's no other country in the world that has anything like that.
That's exactly what an EURL is in France. I'm pretty sure every country has a similar legal status.
But it’s still an exception: https://chatgpt.com/s/t_6a8d8edbe3108191988c5dc978d62d43
Note you still have formal bookkeeping requirements for EURL unlike US LLC.
> There's no other country in the world that has anything like that.
That's exactly what an EURL is in France. I'm pretty sure every country has a similar legal status.