REGULATORY LAW

General Law of Mercantile Societies

CHARACTERISTICS

•  Society conceals

•  Without juridical own personality

CONSTITUTION PROCESS

•  For private contract that consists in writing

NAME

It doesn't have, it use the asociante name

SHARE CAPITAL

There is no share capital, just contributions

RESERVES

Without obligation of constitute them

NUMBER OF ASSOCIATES

Minimum:2 Maximum: unlimited

DOCUMENTS THAT ACCREDIT THE ASSOCIATES

Contract

ASSOCIATES' RESPONSABILITIES

Asociante: unlimited

Associate: without responsibility

FOREIGNERS' PARTICIPATION

Without restriction

SOCIAL ORGANS AND FOR ALERTNESS

-there is no social organ

-it is just managed for the asociante that acts in proper name