A "Kft." is a type of business entity in Hungary, known as a "Korlátolt Felelősségű Társaság." It is similar to a limited liability company (LLC) in other countries. This structure protects the personal assets of its owners, meaning that their financial liability is limited to their investment in the company. Kft.s are popular among small and medium-sized enterprises due to their flexible management and lower regulatory requirements. To establish a Kft., a minimum capital requirement must be met, and at least one founder is needed. The company must be registered with the Hungarian Company Registry, and it must comply with local laws and regulations. Kft.s can engage in various business activities, making them versatile options for entrepreneurs.