Procedures to create companies in Spain and the different legal forms to adop...

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Once you reach the  step of creating a company , it is necessary to know what type of company you are interested in, since there are different modalities or legal forms of company to which you can apply. It is important to know what type of company to choose since the procedures that must be carried out to establish it as well as the labor and tax obligations that apply depend on it. The choice will depend on many factors such as number of partners, share capital, turnover and tax conditions. The different types of companies that exist are: Individual entrepreneur Anonymous society Labor limited company Labor limited company Limited liability company Collective society Simple limited partnership Limited partnership shares Cooperative Society Community of goods Civil society Within legal entities they can be an individual entrepreneur, community of property or civil society. As legal entities there are cooperatives and commercial companies, which are a general partnership, a limited company, a public limited company, a limited partnership by shares, and a labor company. The individual entrepreneur is a natural person who acts on his own behalf through a professional, commercial, industrial activity or company. To be an individual entrepreneur you must be of legal age and with full legal capacity, and it is an option of unlimited liability that is justified by fewer tax burdens. Among the procedures that must be carried out, registration in the commercial registry is not mandatory, but all the necessary procedures to be self-employed are. The public limited company can be constituted by a single partner with a share capital of at least 60,101.21 euros that can be divided into shares, with responsibility towards the capital contributed to the company.


It is a company with its own legal personality, commercial in nature and formalized through public deed and registration in the commercial registry. The contributed capital must be subscribed and paid out, at least 25% of the nominal value of shares, with contributions from the partners in cash, rights or assets; but not in work or services provided.  The following must appear in the deed contents of the Public Limited Company :The limited liability company is a commercial company that divides the shares into equal, cumulative and indivisible parts, with social responsibility of the partners for the capital contributed, which may not be less than 3050.06 euros. For its creation, a public deed and   Country Email List registration in the commercial registry are necessary. Partners have the right to participate in the distribution of profits and assets from the liquidation of the company, to participate in decisions and to be elected as administrators. The Labor Company is a public limited company or limited liability company with a commercial character and a number of partners never less than 3, who may or may not be workers, since there are shares that are reserved for workers and others. The minimum capital to create this company is 60,101.21 for public limited companies or 30,050.61 euros for limited companies. The constitution of this type of company requires a notarized public deed, registered and qualified in the Ministry of Labor and Social Affairs and subsequently in the Commercial Registry. The Collective Partnership is a type of commercial company in which the partners intervene directly and are liable in an unlimited and joint manner for corporate debts. At least 2 partners are necessary and no minimum share capital is required.






To formalize it, a public deed and registration in the Commercial Registry is required. The Limited Partnership is a type of company in which the general partners contribute labor and capital, participate in the management of the company and respond unlimitedly to the company's debts. At least two partners are necessary in simple limited partnerships or three or more in limited partnerships with shares. A share capital of at least 60,101.21 euros is required with at least 25% paid up. This company is formalized with a public deed in the Commercial Registry. The Cooperative Society is a company through the association of natural or legal persons who have common interests or needs with a business activity whose objective is to provide members with goods or services at the best price or to reward the maximum for their services. Its minimum number of founding members is 5 in first-degree cooperatives or 2 in second-degree cooperatives (cooperatives of the same or different class). The social capital of cooperative societies is variable, the structure and management are democratic, membership and withdrawal of members is voluntary and free and they can carry out any activity. Its constitution is carried out by public deed registered in the Registry of Cooperatives of the Ministry of Labor. To get an idea, we are going to explain how to create a limited and anonymous company step.