Posts Tagged ‘types of entrepreneur’
Limited Partnership: Your name is the name of the general partners and “Limited Partnership.” We must make and registration Deed the Mercantile Registry. The minimum number of partners is one group and another backer, no maximum number. The groups provide labor, money, property or rights. The limited partners contribute only goods, money or rights. The collective responsibility is personal, supportive and unlimited and the limited partners is limited. The management shall be for the collective. Companies limited by shares are those in which the limited partner capital stock is distributed, and have a maximum capital of 50 million pesetas. In the income tax the tax rate applied is 35% as well as collective.
Company: Has the term free, provided they do not repeat the name already selected by another company. Deed must be made and Registration in the Register. The minimum is 3 members, who will make their money, property or rights of financial content. The liability is limited. The management shall be appointed administrators. Important decisions taken by the general assembly of shareholders. The representation is delegated to managers. The minimum capital is 10 million and a minimum payout of 25%. Share capital. The ITP is 1% of the nominal capital. The benefits will be taxed at 35% corporate income tax.
Limited Liability Company: Has free name, if different from another, and is accompanied by SL or SRL Deed requires mandatory and Registration in the Register. Can be from 2 to 50 members. Which may contribute money, property or rights. The liability is limited. Normal management and administrators make important decisions are taken together as partners. Read the rest of this entry »
There are two types of entrepreneur: individual and collective.
Individual entrepreneur: its liability is unlimited and runs the business. The name of the company will be the legal name of the holder. Registration in the Register is optional. There is limited capital.
Civil Society: Has free name. Registration in the Register is voluntary. There must be at least 2 partners. Members can contribute labor, money, property or rights. The third party liability is joint and unlimited. The partners are the general managers. There is no limit to the social capital needed. In its constitution a 0.75% on the valuation of contributions in respect of the transfer tax. They can not have a commercial and its benefits become part of the taxable personal income tax of each partner.
Partnership: Its name is the name of the partners or by some and “CIA.” Its constitution requires a public deed and registered in the Register. The minimum number of partners is two, with no maximum. Members can contribute labor, money, property or rights. Personal liability is unlimited for all partners. There is no limit to the capital. A 0.75% of its contributions in respect of the transfer tax. There are industrial partners, which provide work and have to deal with debts. The profits are taxed at 35% in corporation tax.