The main topic of this paper is public company. At the beginning of the paper there are two chapters “Introduction” and “The establishment” which include not only the definitions of trading company and public company but also its historical development and some basic features. The third part of the paper refers to the integral part of the company: the members. Some key points here are modes of membership, their legal relation, compensation costs and consequences of delay. The fourth chapter “Basic obligations of the members” is rather extensive since it depicts those obligations including a description of the management of the company its methods and scope, the authority for business conduction and finally the seizure and the cancellation of the same. The fifth chapter “Legal Relations of the Members Towards the Third Parties” refers to compulsory provisions, members’ privileges and the ways they bear the obligations. The sixth chapter outlines the reasons for the termination of the company as well as the consequences of withdrawal. Towards the end, in a logical sequence, the liquidation and the statute of limitations are mentioned. Finally, there is a conclusion which documents some personal findings about public company.