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Sociedad en Nombre Colectivo

The " Sociedad en Nombre Colectivo " (Company in Collective Name, also known as General Partnership), is a company in firm or trade name (including all the names of all of the partners or where there is a name missing, you are to place the words "and company" or other equivalent), where all of the partners have ancillary / subsidiary, unlimited and joint responsibility for the company's obligations.

If you allow your name to be used in the company name, you become liable for the company's obligations. The company capital and/or ownership is not represented by negotiable instruments, instruments payable to the order of a person (stock) or bearer instruments (stock) and which company parts have restricted transferability.

This company type description can be abbreviated by the letters "S. en N.C.". This type of company is a personal type company.

 

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