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The merchant as a legal entity: types of companies
Incorporating a company offers multiple benefits, including the ability to attract partners or shareholders to contribute money, labor, contracts or any other type of asset. If your project requires investors or external financing, establishing a corporation will be key to facilitate obtaining the necessary resources for the growth of your business, since financing is generally more accessible for solid and formalized legal structures. A fundamental aspect of legal entities is the separation between the assets of the entity and those of the partners or shareholders. This means that, in the event of any eventuality, the liability for the company's obligations rests with the corporation. However, keep in mind that this limitation of liability varies according to the type of company.
Depending on this, choose the type of partnership according to your needs and the number of people who will participate:
Sole shareholder or partner- Two or more shareholders or partners
Sole shareholder or partner
If you decide to start an individual business, you can opt for these legal figures, which offer flexibility and total control over your business.
Sole proprietorship
Simplified Joint Stock Company (S.A.S.)
