Limited companies are a class of commercial partnership, made up of two types of partners, the collective, whose liability is unlimited, and the limited liability partner. This class of companies are personal in nature, which is very convenient for those companies that have few partners who seek to develop a common activity, for example: a law firm.
A company comanditaria is characterized by individualism and the presence of general partners that unlimited liability on their debts, and are involved in the administration of society. There are also limited partners who do not participate in the administration of the company and whose liability is limited only to the capital contributed in the limited partnership.
These companies are divided into:
Simple limited partnership, are those that are made up of the limited partners who have the obligation to comply with the debts beyond their capital and the limited partners whose liability is limited only to what is contributed.
Limited by shares, is one that has a special category within limited partnerships, they are called by shares, because their capital is divided into shares, so it must comply with certain regulations applicable to limited companies. In this type of company, more importance is given to limited partners (there must be at least 2) than to groups (at least one, in charge of the administration of the company). It is for this reason that it is suggested that they be included in capitalist societies and not in personalist ones.
In the articles of incorporation of the company, the following must be stated: the full name and address of the partners, the company name, the full name of the partners in charge of the administration of the company, the amount of capital contributed by each of the partners; the time duration of the company; the amount assigned to each manager for their personal expenses; the number of partners that make it up and any other legal agreement that the partners consider important.
Among the advantages of creating a limited company is being able to attract the capital of third parties, without them intervening in the management of the company. In addition to the limited nature of the responsibilities of limited partners.
