Understanding Spanish Company Legal Forms
Classified in Law & Jurisprudence
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Classification of Companies and Their Legal Forms
Sole Trader (Empresario Individual)
- Name: Uses the name of the holder.
- Registration: Recommended to register with the Mercantile Register.
- Nature: A natural person routinely exercising a business activity on their own account.
- Liability: Personal and unlimited; the individual answers for business debts with all their assets.
Public Limited Company (Sociedad Anónima - S.A.)
- Name: Must be distinct from other companies to avoid confusion.
- Formation: Requires a public deed, publication, and registration in the Mercantile Register.
- Capital: Divided into shares belonging to the shareholders.
- Liability: Limited to the capital contributed by shareholders.
- Capital Contributions: Can be made in cash or assets.
- Minimum