Can business in Austria change it’s legal entity type?

Yes, it is possible for a business in Austria to switch its legal entity type. The process includes steps such as seeking advice from experts, establishing a new entity, moving assets and operations, dissolving the old entity, and informing stakeholders. The process may differ based on the current and desired business structures and legal requirements. Seeking professional advice and ensuring proper execution of all procedures is essential to prevent any potential legal or financial consequences.