General Corporation Law

But we must point out that the limited liability company is neither a form of society collective, or a variant of the corporation, but represents a special kind, sui generis society, born to respond to special needs and circumstances also. " The components of the limited partnerships and the structuring of a limited liability company, closed in nature, does not determine that the corporate form should be included under either scheme. The limited liability company has been the result of the contribution of different elements that have given rise to a structure with self-regulation and particular. The limited liability company is a form that has elements of both the corporation as partnerships, but it contains special features that distinguishes address these types of corporations. 11.

Similarity with Closed Stock Company. The SRL has the same origin as the SAC, but is different in nature, although both forms are sorted on the basis of a family business or closed, in which element predominates intuito personae for its members, the first, presents Law provisions that allow members to more flexible regulation in its structure and operation. This is because it is a society with special characteristics other than those regulated by the General Corporation Law. However being the SAC only one modality of the corporation is a supplementary subject to all the provisions governing a society anonima.No doubt that the SAC and the modality of the corporation, and SRL, separate company form, presents schemes similar organization. 12. Conditions for Participation and Partners Limited Liability.