Business partnership: understand the best option for you

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When shared with other people who have proposals that complement yours, getting the idea off the ground can be much easier.

When you join forces with another person to create a company, you form a business partnership, an organization widely used by many entrepreneurs, even those who are just starting out!

It is regulated by the Brazilian Civil Code and by specific laws that deal with the subject, and can be defined as an association of two or more people who come together to develop an economic activity, aiming to obtain profit.

Corporate partnerships can come in many forms , and in this article, we will help you understand which one is the best option for you!

Business partnership: understand the best option for you
Simple Society
A Simple Society is a type of south africa phone number lead business partnership established between two or more people in order to provide a service.

It is generally carried out by doctors, dentists, lawyers, engineers, among other professionals, who come together to offer common services, carried out by themselves.

Limited Liability Company
Another very common type of business company is the Limited Company .

It is governed by a Social Contract, which describes the company's main information, and offers the opportunity to separate the assets of the individual from the assets of the legal entity.

In this case, each partner is responsible for a share of the total capital and one of them must be the legal representative of the company.

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Single-member Limited Liability Company
This type of business corporation is very similar to the previous one, with one exception: as the name suggests, the Single-Member Limited Liability Company is formed by a single person, the entrepreneur himself.

In this case, there is no need for a partner to open, but, as in the LTDA., there is the definition of a Social Contract and separation of personal assets from the company's assets, that is, in the SLU, social responsibility is limited.

Public Limited Company
A public limited company is a form of business partnership in which the legal responsibility of the organization is not attributed to one of the partners, but is divided into shares that can be traded.

In a SA, the number of partners is variable and its main objective is to accumulate capital for the enterprise through the sale and purchase of shares, which can be traded on or off the stock exchange.

General Partnership
On the one hand, we have limited companies, in which social liability is limited by the company's capital, and on the other, we have other types of business corporations in which liability is unlimited.

One of these examples is the General Partnership, in which the partners must necessarily be individuals or individual entrepreneurs.

In it, the share capital is divided into shares, and can be formed by money, goods and services.

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Limited Partnership
This type of business partnership consists of the formation of the company by limited and general partners.

The first are those whose responsibility for obligations is limited to their shares and their role is restricted to contributing capital, without acting in the company's administration.

The latter contribute both capital and labor, having unlimited liability.

Limited Partnership by Shares
As the name suggests, this form of business society is divided into shares.

The rules governing a Limited Liability Company are similar to those of a Public Limited Company, with the difference that the former can only be managed by shareholders or partners.

While partners have liability limited to their shares, company directors in this type of company are liable in an unlimited manner.

Limited Liability Company
In a Limited Partnership, partners are internally linked and are divided into ostensive and participating partners.

The ostensive is the one who is legally responsible for the company, assuming all responsibilities and running the business.

The participant is the one who provides capital to the company and monitors the use of the money, thus obtaining a share of the profits.