Civil Partnership (Sociedad Civil)

•       This is a group of Natural Persons and/or Legal Persons who get together or create a Legal Person with a common goal and produce a profit without performing commercial acts. The members get the name of partners.

•       This legal form is suggested for persons
who desire to develop within the line
of  provision of services as professionals,
for example:  lawyers, professors,
accountants, architects, designers, etc.

Conditions and requisites S.C.

•       Regulated by the Civil Code at federal Level and the particular State Civil Code at local level.

•       Even if they do not practice commerce, they can profit from the partnership.

•       The name is usually given by the names of the partners and must be followed by S. C.

•       Partners are responsible towards the partnership till the
amount given to it. The exceptions come only to the partner
who is in charge of the administration. This partner is
responsible in a  subsidiary, solidary and unlimited way.

•       Partners must cover the partnership loss in case the capital
would be insufficient to cover the debts.

•       There is no minimum reserve found.

•       The capital of the Civil Partnership is formed by the partners
contributions, which are called social contributions and can
be either in cash, goods or work.

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