Some embark on the entrepreneurial adventure as freelancers and others who prefer to form companies, of one of the different types our legal system contemplates. The legal person is different from its members and constitutes a body endowed, under the conditions provided by law, with a differentiated legal personality, which makes it responsible for its actions and recognizes the obligations of the shareholders, which are not limited in all cases—your responsibility to the original capital outlay.
The legal person has a differentiated existence, independent of its members or shareholders, owns assets in its name, acquires rights, assumes obligations and responsibilities, signs contracts and agreements, and can be sued or initiate legal proceedings, as a natural person could. . A legal person also has a name, and address, existence and properties.
Each type of company that exists has its advantages and disadvantages and is subject to clearly defined laws and regulations. Choosing the proper legal structure is of great importance at the time of incorporation, as this can avoid problems in the future.
To choose the appropriate legal personality for the business, it is first advisable to try to understand all the elements related to the benefits of some rights concerning the legal person and their disadvantages, those derived from the obligations or restrictions that each election can impose.
Among the main drawbacks of some types of companies are those that have to do with:
Some companies incorporated are limited liability companies or limited partnerships. The collective, cooperative, civil, professional or limited society are other legal form options, perhaps less popular, but that can also work for those who want to launch their business project.
Also Read : Buzz Marketing: Get To Know It And Take Advantage Of Its Effect.
When payments are consistent and dependable, your small business can confidently manage its expenses, invest…
In today's digital era, remote work has become an increasingly popular concept. More and more…
Definition: What is a pentest? A pentest, short for penetration testing, is a unique form…
Introduction to the importance of IT security for companies IT security is no longer an…
Trends in Artificial Intelligence Artificial intelligence and cloud computing are two technologies that are rapidly…
The importance of backup Backing up a company's data is an essential process to ensure…