Following the introduction of the new category of “micro entities”, pursuant to Legislative Decree n. 139/2015, financial statements referred to companies falling into this category may be significantly simplified. The possibility of not having to draw up the Notes to the financial statements, which represents by far the most innovative change in our legislation, has nevertheless raised questions on specific obligations related to the disclosure of information of cooperatives and innovative start ups.

In the article published in the Eutekne magazine (“Società e contratti, Bilancio e revisione, May 2017), I analyze the specific discipline of micro entities and the current discussion on the main issues posed by the new legislation.