Keys to understanding the structure and functioning of commercial companies
Table of Contents
Introduction
Commercial companies are a form of business organization that allows entrepreneurs to work together to achieve a common goal. In this article, we will explain in a simple way what commercial companies are, what their types are and how they work.
What is a commercial company?
A commercial company is an entity formed by two or more people who come together to carry out a common economic activity, in order to obtain a lucrative benefit. Commercial companies are governed by a social contract that establishes the rules and responsibilities of each partner.
Types of commercial companies
There are various types of commercial companies, among the most common are the following:
- Public Limited Company (SA): Formed by shares, in which the partners limit their liability to the capital contributed.
- Limited Liability Company (SRL): Formed by participation quotas, in which the partners also limit their liability to the capital contributed.
- Collective Partnership: Formed by partners who are liable in an unlimited and joint manner for social debts.
Operation of a commercial company
For a commercial company to function correctly, it is important to follow some keys, such as:
- Clearly define the objectives and responsibilities of each partner.
- Establish a good communication and decision-making system.
- Maintain correct accounting and comply with tax obligations.
- Respect current legal regulations regarding commercial companies.
Frequent questions
What are the requirements to establish a commercial company?
The requirements may vary depending on the type of commercial company, but in general a minimum capital, a social contract, registration in the Commercial Registry and compliance with tax obligations are required.
What is the difference between a commercial company and a civil company?
The main difference lies in the corporate purpose of each one. While commercial companies seek to obtain an economic benefit, civil companies are established to carry out non-profit activities.
What responsibilities do partners have in a commercial company?
Depending on the type of commercial company, the partners may have limited liability (as in the case of SAs and SRLs) or unlimited and joint liability (as in the case of general partnerships).
