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Sociedad en Comandita por Acciones

The " Sociedad en Comandita por Acciones " (Company in Silent Partnership by Stock, also known as the Limited Partnership with Shares") is a company subject to the rules that govern the "Sociedad Anónima" company (with exceptions); made up of one or more "comanditado" partners/shareholders with ancillary/subsidiary, unlimited and joint responsibility for the company obligations and one or more "comanditario" partners/shareholders that are only responsible for the payment of the company stock they subscribed.

This company only issues nominative stock and the "comanditado" partners may not sell their stock without the the prior approval of all of the "comanditado" partners and two thirds of the "comanditario" partners.

This company may exist under a firm name or a trade name or a denomination distinct to that of the names of the comanditado" partners. If all of the "comanditado" partners are not in the company name, then the words "and company" must be used in the name. Certain of the collective name company rules apply as well as do certain of the simple silent partnership company rules.

This company type description (at the end of the name) can be abbreviated by the letters "S. en C. por A." and it is a mixed type company (personal and assets oriented).

 

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