Legal Structures: Civil Society vs Commercial Corporations
Civil Society vs. Commercial Corporations
This section outlines the major differences between civil society organizations and commercial corporations, focusing on their legal structure and liability.
Defining Civil Society Organizations
- Definition
- Designates the diversity of people with the rank of citizens, who generally act collectively to make decisions in the public domain outside the government structure.
- Formation or Constitution
- Consensual (often without limited liability).
- Liquidation Process
- Settled by arbitrators.
- Statute of Limitations (Prescription)
- Applies the statute of limitations of the Civil Code.
- Liability of Partners
- It is unlimited (with all assets) and in proportion to their contributions.
Defining Commercial Corporations
- Definition
- A