A corporation is a business, usually commercial, formed in reflection of the capital contributed by employees. This type of business is more expensive to set up. The liability of the shareholder is limited to the capital contribution.
Corporations are generally:
About the limited liability company, the number of partners can be one person or a commercial company. Cette dernière peut être plusieurs entités et c’est aussi valable pour le nombre de personnes associées qui peuvent être nombreux. The legal status is complete. The share capital of a Limited Liability Company has no upper term and can be paid in kind or in cash. For the registration in the Trade Register, it is mandatory and constitutive.
The joint stock company can have one or more commercial companies or persons as partners. They have the possibility to create an S.A. As for its legal personality, it is complete. The guarantor of the social debts is the assets of the limited company. For its capital, there is no limit and it must be delivered to the foundation. As for the registration in the commercial register, it is required and constitutive.
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