These are according the Commercial Code associations for mercantile transactions, formed without any special legal formality, either for a special transaction or for various ones for a limited time. These associations are unusual.

Companies Under the Civil Law. These companies or partnerships are such as are formed under and subject the civil codes the various states, for the purpose gain and M'hich not fall within the definition Commercial Companies. There are three categories them, General, including all property which the partners are possessed general partnerships limited all profits derived special, those referring such property as may mentioned as forming the object the association, its fruits production, or the exercise a stated industry or profession. These companies may organized imder the provisions the commercial code, without losing their character as civil In this chapter shall Iy refer corporations formed Who homework help research paper May Organize a Corporation. The organizers a corporation must individuals full age in possession all their civil rights.

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Persons under parental control, guardianship or disability marriage, cannot organize a corporation, with the following exceptions Elinors under but over years age, legally emancipated or licensed the phd no dissertation Court, or legally authorized their parents or guardians. Married women, over, duly authorized their husbands, in a public document, declaration before a Notary Public this authorization may special or general and subject revoked the husband at pleasure.

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This authorization not required in case legal separation, declared absence, interdiction or privation civil rights the husband.

Form Organization.

The law recognizes two ways First Two or more parties may appear before a Notaty, either in person, or a duly constituted attorney, and execute articles incorporation, owl paraphrasing which must contain the following requisites I.

The names and residences the parties. The i need help with my english essay object for which organized, its duration, and. The capital stock, specifying the kind, number and value the shares into which divided, and the value. content writing services company The manner in which the affairs the company are directed, specifying the powers the directors or managers. The amount the reserve fund.

Tlie manner and form dividing profits or losses. The part the profits reserved as founders shares and. In what cases the winding-up the corporation take place hefore the time fixed for its expiration. The basis for the liquidation and how the liquidators shall chosen, if they have not been previously appointed. The proof the value attributed the securities, goods or where to buy term papers online chattels, personal or real property, which may have been contributed one or more the organizers. Name the Corporation. After tlie name the corporation the words, Sociedad Anonima or the abbreviation, equivalent Ltd. must always added.

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