REGULATORY LAW

General Law of limited responsibility of public interest

CHARACTERISTICS

•  Whenever the activity is of public interest and jointly particular

•  The social parties can't be represented by negociable titles and it couldn't exceed the 5% of share capital

CONSTITUTION PROCESS

-Associates' meeting to do project of bylaws.

-Authorization of the S.R.E. and of the federal executive for conduit of the national economy minister (SE)

-protocolization in the presence of the public notary

-inscription in public record of trade

NAME

Denomination or firm trade

SHARE CAPITAL

It doesn't stablish a minimum but it must be constituted as changeable capital

RESERVES

The 20% of net profits obtained anually will be destined to the formation of the reserve fund, until it reaches an equal amount to the capital of the society

NUMBER OF ASSOCIATES

It could have more than 25 associates

DOCUMENTS THAT ACCREDIT THE ASSOCIATES

Constitutive writing

ASSOCIATES' RESPONSABILITIES

Up to for the amount of his/her social part

FOREIGNERS' PARTICIPATION

Up to for 49%

SOCIAL ORGANS AND FOR ALERTNESS

-associate's assembly

-council of administration ( minimum 3 associates)

-council of vigilance