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Information center and business creation network (circe)
The share capital is that figure expressed in euros that corresponds to the value of the assets that the partners of a company (understood as a company, a set of assets), assign to it without the right of return and that is recorded in an accounting item of the same name. This applies regardless of whether it is a public limited company, limited liability company, limited partnership, limited joint-stock company, limited joint-stock partnership or other types of commercial company.
The difference with corporations was classic: previously, limited liability companies required the minimum capital to be fully paid up. For this reason there is a special cause of nullity for each type of company, provided for in letter g of paragraph 1 of Article 56 of the LSC, and thus, in particular, the failure to fully pay up the capital stock in limited liability companies and the failure to make the minimum payment required by law in public limited companies.
Limited partnership
A Limited Liability Company (SL) is a partnership in which the liability of the partners is limited to the monetary amount contributed. In turn, this liability is joint and several among the members of the same SL and limited to the capital contributed. This means that the partners of the same company will not have to respond to the debts with their personal assets, it is one of the different legal forms for which a company can opt, and can also be called Limited Liability Company or SRL. In contrast to other legal forms, such as, for example, the corporation (SA), it is not necessary to guarantee the payment of expenses and commitments to creditors with its own equity rights. Precisely because of this, it is the most widespread among capital companies, and it is not necessary to have many partners to set up a business under this labor scheme. In fact, there are single-entrepreneur formulas such as, for example, those known as sole proprietorships.
New company limited partnership
The corporate name must include the first and last name of one of the shareholders (member partners) followed by an alphanumeric code (ID-CIRCE) and the initials SLNE or Sociedad Limitada Nueva Empresa to identify the legal entity. After the first three months of its incorporation, the corporate name can be modified free of charge.
An incentive has been received from the Innovation and Development Agency of Andalusia IDEA, of the Regional Government of Andalusia, for an amount of 25,892.92 €, 80% co-financed by the European Union through the European Regional Development Fund, ERDF for the implementation of project 401N1700034 / INTEGRAL DIGITALIZATION OF THE PROCESSES OF THE COMPANY with the objective of “Ensuring a better use of information technology”.
Legal form of a company
As an accounting term, the capital stock is the value of the assets or money that the partners contribute to a company without the right of return. In other words, the capital that every company must maintain as a minimum.
However, there is not so much difference in the disbursement to be made at the time of the foundation of the company. While in the SL the capital stock must be fully subscribed and paid up, in the SA the law allows that it can be paid up from 25% of the capital stock subscribed by the partners. The capital not yet paid up would be what is called passive dividends of a company.
If you are thinking of incorporating a company and you do not know if you prefer to establish a Limited Company or a Corporation, do not hesitate to consult us, we are experts in Incorporation of Companies and Express Companies.
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