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Individual entrepreneur or Standalone
It is one of the most common forms of company incorporation. It is usually associated with self-employment where the individual performs an economic or professional activity for profit on his own, employing or not workers. The main feature of this legal form is the full control of the company by the owner. In other words, he is the one who makes all management and administration decisions in the way he deems most appropriate.
It is more aimed at small businesses and has fewer steps and bureaucracies to carry out the activity than the other existing legal forms.
For the opening of a company of this type, it is not necessary to have minimum share capital or to make an initial investment. Here, personal assets and business assets are merged. Likewise, the responsibility lies entirely with the owner, who is responsible for the debts incurred by the company.
Individual entrepreneur with limited liability
For the opening of a company of this type, it is not necessary to have minimum share capital or to make an initial investment. Here, personal assets and business assets are merged. Likewise, the responsibility lies entirely with the owner, who is responsible for the debts incurred by the company.
Thus, the owner responds to debts contracted with all types of assets, except his housing, provided that it does not have a value greater than €300,000. This liability limitation only includes commercial activities, that is, if debts are generated related to other types of areas, this property will not be protected.
The main advantage of this legal form is that the entrepreneur can limit his liability for future business debts. Therefore, it is a good option for small businesses.
Community goods
This type of legal form is constituted when the ownership of a good or rights belongs to several people. This will be essential for the common commercial activity and consequently for the generation and distribution of economic value.
It is the most basic form of association between autonomous workers. At least two partners are required for its constitution and there is no minimum share capital required and there is no minimum contribution to the community. A detailed agreement on the nature of contributions and the percentage each partner has in the company's profits or losses is also required. Thus, the liability is unlimited and joint and several. That is, the community will respond to debts with its assets and, if they are not sufficient, with the personal assets of each member.
Civil society
This legal form consists of a contract between two or more partners who share money, goods or work, services or activity in general, in order to divide profits between them. For the opening there is no minimum capital stock required and its name must be accompanied by the acronym SC (Civil Society).
The liability of the partners is unlimited and personal, that is, they respond with the company's assets. However, if it is not enough to pay off the debt, your personal assets will be involved. These partners can also be capitalists or industrialists, with the former contributing goods or money. On the other hand, the latter contribute from work or industry to society.
Civil Society can take two forms, public and private. In the public company, this company is constituted by a public document before a notary that assigns it a legal personality, while in the private company, there is no legal personality attributed, and only a private document is drawn up between the partners of this company.
Civil Society can take two forms, public and private. In the public company, this company is constituted by a public document before a notary that assigns it a legal personality, while in the private company, there is no legal personality attributed, and only a private document is drawn up between the partners of this company.
It is a company where liability is limited to the subscribed capital, as the name implies. This capital is made up of contributions from all the company's partners, divided into indivisible and cumulative social actions. In addition, only goods and rights that can be economically valued can be subscribed, thus excluding works and services.
It is a company where liability is limited to the subscribed capital, as the name implies. This capital is made up of contributions from all the company's partners, divided into indivisible and cumulative social actions. In addition, only goods and rights that can be economically valued can be subscribed, thus excluding works and services.
The name of the company must include the word Limited Partnership, Limited Liability Company or their abbreviations SL and SRL, respectively. Another rule to follow is that a name that already exists cannot be adopted. Therefore, the Central Mercantile Registry must make sure that the chosen allocation does not coincide with that of another existing company.
The minimum share capital of this type of company is €3,000. It must be divided into shares of its partners, but these do not have to be equal (and consequently, give rise to different percentages of votes by them). These monetary contributions made in the act of incorporation or in the increase of capital must be certified by the notary.
The limited liability company is established by public deed which will initially describe the methods of administration and organization to be followed, as well as the identification of partners and their contributions. Any change in the company or transfer of shares must be formalized through a public document.
There are two types of governing bodies associated with this type of company: the general meeting of partners and the directors. The first is made up of all the partners who, through the general meetings, enjoy their right to vote to decide on certain matters. The latter represents the executive body that carries out the daily management of the company and represents it before third parties, with those appointed for this position being appointed by the General Assembly.
There are two types of governing bodies associated with this type of company: the general meeting of partners and the directors. The first is made up of all the partners who, through the general meetings, enjoy their right to vote to decide on certain matters. The latter represents the executive body that carries out the daily management of the company and represents it before third parties, with those appointed for this position being appointed by the General Assembly.
It is a legal form similar to the Limited Liability Company in order to encourage the creation of new small and medium-sized companies, facilitating their constitution and the development of their activity.
It is a legal form similar to the Limited Liability Company in order to encourage the creation of new small and medium-sized companies, facilitating their constitution and the development of their activity.
It is a legal form similar to the Limited Liability Company in order to encourage the creation of new small and medium-sized companies, facilitating their constitution and the development of their activity.
The minimum share capital required is the same as in a Limited Liability Company, €3,000, with the difference that it has a maximum value of €120,000. This capital is divided into shares and the liability of each partner for possible debts is limited to the capital held.
The minimum share capital required is the same as in a Limited Liability Company, €3,000, with the difference that it has a maximum value of €120,000. This capital is divided into shares and the liability of each partner for possible debts is limited to the capital held.
The minimum share capital required is the same as in a Limited Liability Company, €3,000, with the difference that it has a maximum value of €120,000. This capital is divided into shares and the liability of each partner for possible debts is limited to the capital held.
This company follows the same rules as a Limited Liability Company with some peculiarities. Here, a minimum share capital is not required, reducing the initial costs of setting up a company.
This company follows the same rules as a Limited Liability Company with some peculiarities. Here, a minimum share capital is not required, reducing the initial costs of setting up a company.
The company loses the qualification of successive formation when its legal minimum share capital reaches €3,000, at which point it will become a Limited Liability Company.
Public limited company
The company loses the qualification of successive formation when its legal minimum share capital reaches €3,000, at which point it will become a Limited Liability Company.
The name of this company must include the words Sociedade Anónima or its abbreviation SA. Another rule to be followed is that a name that already exists cannot be adopted and the Central Mercantile Registry must make sure that the chosen attribution does not coincide with that of another existing company.
A public limited company is established by public deed which will describe its statutes, the methods of administration and organization to be followed initially, as well as the identification of partners and their actions. For the formation of this legal form, at least one partner is required, thus receiving the name of Sociedad Anónima Unipessoal. Your contributions to capital may be in cash, goods or economically valuable rights.
A minimum share capital of €60,000 is also required, which will be divided into individual shares. At the time of incorporation, at least 25% of the minimum capital must be deposited and the remaining 75% within the period stipulated in the deed.
There are two types of governing bodies associated with this type of company: the general meeting of shareholders and the directors. The former is made up of all the shareholders who, through the general meetings, enjoy their right to vote to decide certain matters, while the latter represents the executive body that carries out the daily management of the company and represents it before third parties, with the appointed to this position are appointed by the General Assembly.
There are two types of governing bodies associated with this type of company: the general meeting of shareholders and the directors. The former is made up of all the shareholders who, through the general meetings, enjoy their right to vote to decide certain matters, while the latter represents the executive body that carries out the daily management of the company and represents it before third parties, with the appointed to this position are appointed by the General Assembly.
It is a type of unlimited liability company where its partners are unlimitedly and subsidiarily liable in relation to the company and jointly with each other, before the social creditors. In other words, the company acts and responds to third parties as a person distinct from its partners. However, in the case of debts, they will respond with their own assets if the company's assets are unable to cover the debt.
To open this company, no minimum capital is required and the minimum number of partners required are two, who participate in the company equally. However, there are two types of partners: capitalists and industrialists. In the first case, it refers to partners who own assets of the company and whose functions go through management, hold the capital and work and participate in the profits and losses of the company. On the other hand, there are partners who only work and participate only in the profit of this company, not being responsible for its management or losses.
To open this company, no minimum capital is required and the minimum number of partners required are two, who participate in the company equally. However, there are two types of partners: capitalists and industrialists. In the first case, it refers to partners who own assets of the company and whose functions go through management, hold the capital and work and participate in the profits and losses of the company. On the other hand, there are partners who only work and participate only in the profit of this company, not being responsible for its management or losses.
There are two types of limited partnership: simple and joint stock. The Simple Limited Partnership is made up of collective partners who contribute capital and work and are jointly and severally liable for the company's debts and by limited partners who hold capital and their liability is limited to their contribution. A minimum share capital is not required, but it is necessary to have at least two partners to open this type of company.
In addition to the aforementioned, collective partners have the right to participate in social management, the right to information and the right to participate in the company's profits, while limited partners do not have the right to participate in social management, but they have the right to participate in the profits and in the administration.
In addition to the aforementioned, collective partners have the right to participate in social management, the right to information and the right to participate in the company's profits, while limited partners do not have the right to participate in social management, but they have the right to participate in the profits and in the administration.
The collective partners are personally and jointly liable for the company's debts and must be its administrators. Limited partners, on the other hand, have no personal responsibility towards the company, but participate in its organization through the General Assembly.
The collective partners are personally and jointly liable for the company's debts and must be its administrators. Limited partners, on the other hand, have no personal responsibility towards the company, but participate in its organization through the General Assembly.
Its incorporation is done by public deed and its name must include the word Sociedade Comanditaria por Ações or its abbreviation “S. Com. By A”.
Its incorporation is done by public deed and its name must include the word Sociedade Comanditaria por Ações or its abbreviation “S. Com. By A”.
Its incorporation is done by public deed and its name must include the word Sociedade Comanditaria por Ações or its abbreviation “S. Com. By A”.
Cooperatives can be 1st or 2nd degree. Those of 1st degree are formed by individuals or groups in order to satisfy common socio-economic interests, and they establish a business without forgetting the social aspect. These can be worker cooperatives, agricultural cooperatives, transport cooperatives, health cooperatives, among many others. On the other hand, the 2nd degree ones are formed by other cooperatives following a federative principle.
Cooperatives can be 1st or 2nd degree. Those of 1st degree are formed by individuals or groups in order to satisfy common socio-economic interests, and they establish a business without forgetting the social aspect. These can be worker cooperatives, agricultural cooperatives, transport cooperatives, health cooperatives, among many others. On the other hand, the 2nd degree ones are formed by other cooperatives following a federative principle.
The required minimum share capital is established by the articles of association and must be fully disbursed at the time of incorporation. This capital is made up of the contributions of its partners, which may be mandatory or voluntary, with or without the right to reimbursement in the event of dismissal. These contributions are effective and may or may not be of economic value, as defined by the statute or the General Meeting.
The name of this company must include the words Sociedade Cooperativa or its abbreviation “S. Coop”. Another rule to be followed is that a name that already exists cannot be adopted and the Central Mercantile Registry must make sure that the chosen attribution does not coincide with that of another existing company.
