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Civil Law Partnership (Joint Venture)

The U.S. difference between partnership and joint venture and the different types of partnerships are not that common in Mexico . What is common in Mexico is the "Association in Participation".

The "Association in Participation" (Asociación en Participación) is not a company nor corporation (it does not have separate existence), still it is a common way of doing business in Mexico . This is an agreement where one or more partners ("asociados") deliver goods and/or services to the managing partner ("asociante") for use in a specific business venture. The managing partner is the one responsible before third parties and the one that performs the business. Both the silent and managing partners will have the right to participate in the profits of a commercial venture. Mexico has not enacted a Dealer's Act or Transfer of Technology.

Sole Proprietorship: Any individual (physical person) (foreigner with immigration status or Mexican national) in Mexico may open a business and/or do business in his or her own name without creating a separate entity, which is known as a Sole Proprietorship. He, the individual, is fully personally liable for the losses of the enterprise.

 

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