Concept selected: Cooperative company
DefinitionCompany which, with variable capital and a democratic structure and management, associate, in the form of an open membership with voluntary delisting, persons who have common socio-economic interests or needs, who carry out corporate activities for the satisfaction of the latter and for the benefit of the cooperative. The economic results are imputed to partners once cooperative funds have been dealt with, depending on the cooperative activity that is carried out.
The corporate domicile needs to include the words "Sociedad Cooperativa" or its abbreviation "S. Coop.".
The number of partners is unlimited and the responsibility of these for corporate debts is that set out in the statutes.
The law does not require minimal capital for the constitution of cooperatives, it is the statutes themselves which determines this.
For the acquisition of legal personality registration in the cooperative companies register and public deed is required.
SourceSurveys Mercantile Companies and Bankruptcy Proceedings
Statistical operations(enlaces al Inventario de Operaciones Estadísticas)
- Group company
- Incorporated Partnership
- Limited partnership
- Private limited company
- Public limited company
- Reciprocal guarantee company
- Securities fund
- Simple Limited Partnership
- Workforce Owned Public Limited Company
- Worned-owned company