Spanish Business Entities: Liability, Capital, and Company Types
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Defining the Entrepreneur and the Mercantile Society
Case 2: Mercantile Society (Sociedad Mercantil)
A mercantile society involves habitual commercial activity. Note that while standard commercial entities operate with a profit motive, the original text suggests a specific context that may operate without a profit motive (sin ánimo de lucro).
The Entrepreneur (Empresario)
- Individual Entrepreneur (Persona Física): A natural person.
- Collective Entrepreneur (Persona Jurídica): A legal entity established upon registration in the Mercantile Registry (Registro Mercantil) via a public deed (escritura pública) certified by a notary.
The Company (Empresa)
The company is the economic organization that allows the entrepreneur to operate in the commercial... Continue reading "Spanish Business Entities: Liability, Capital, and Company Types" »