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Sociedad en nombre colectivo registration#
Sociedad en nombre colectivo code#
Sociedad en nombre colectivo professional#

Meeting of the founding members of the company with the Notary Public.

To summarize, the following steps need to be completed in order to register a company:

Sociedad en nombre colectivo registration#

Once the draft of the notice has been given to La Gaceta, and the taxes have been paid, the notary public can file the articles of incorporation, and a few days later the registration will be completed by the National Registry and an ID number (cédula jurídica) will be issued. In addition, a notice (edicto) must be published in the government paper (La Gaceta) in order to let the people at large know that the company is to be registered. Once you and your partners have signed the articles of incorporation, the notary public needs to file a copy (testimonio) of the articles of incorporation with the Mercantile Section of the National Registry. If you are planning on doing a business with other partners, then you and your partners need to appear before the notary public in order to draft and sign the articles of incorporation. (click here to read the distinction between a notary public and an attorney). In order to register a company, you are required to hire a notary public.

Sociedad en nombre colectivo professional#

There are other business structures created by specific laws and not contained in the commercial code, for instance: professional partnerships and cooperatives. This type of structure is suggested for people doing business on their own with no partners. Thus, the company is registered with only one owner. The name stands for Individual Limited Liability Company, and as it implies, it is for an individual person.

Empresa Individual de Responsabilidad Limitada.

SAs are generally suggested for established, larger companies with multiple shareholders. SAs tend to have costly administrative fees and legal requirements. The shareholders need to meet in a general assembly at least once a year. They are required to have a board of directors which is elected by the shareholders. Corporations are more complex than other business structures. This means that the corporation itself, not the shareholders that own it, is held legally liable for the actions and debts the business incurs. A corporation is an independent legal entity owned by shareholders. Section 17 d) This is the equivalent of a corporation. Contrary to the SAs, SRLs do not have a board of directors and is administered by one or more managers. The “owners” of an SRL are referred to as “cuotistas.” While in the USA some states allow the company to be formed by one single individual, in Costa Rica the SRL must be formed by formed by at least two members. It is a hybrid type of legal structure that provides the limited liability features of a corporation and operational flexibility of a partnership. Section 17 c) This is the equivalent of a LLC, and is the appropriate structure for companies with small number of investors.

Sociedad de Responsabilidad Limitada or SRL.

Section 17 b) This the equivalent of a Limited Liability Partnership formed by two types of partners: one or more general partners who direct business and’ are jointly and severally liable for debts, and one or more limited partners whose liability is limited to the amount of equity paid in. In addition, the personal assets of all partners can be used to satisfy the partnership’s debt. Partners are not only liable for their own actions, but also for the business debts and decisions made by other partners.

Section 17 a) This is the equivalent of a General Partnership, where partners retain full, shared liability among them.

Sociedad en nombre colectivo code#

The Commercial Code in Costa Rica allows for five business structures: So, from this perspective, the answer is quite simple: You need a corporation if you are planning on doing business. The corporation is commercial in nature, as its purpose is to further business activities.

To separate the personal assets of the investors or partners from the business assets.To amass capital from different investors or partners for the furtherance of common business goals, and.We are going to address this issue from two perspectives, from a business perspective and from an expat perspective. This is a recurring question among expats.