Business Person Concepts and Personalist Company Structures
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Understanding the Business Person and Personalist Companies
Case 1 examines the concept of the business person and the initial types of companies, specifically personalist companies.
Natural vs. Legal Persons in Business
A business person is the legal subject that carries out a commercial activity. This entity can be a natural person or a legal person:
- Natural Person: The business person is the individual. For example, if Marta opens a clothes shop as a sole trader, Marta herself is the business person; there is no separate company.
- Legal Person: The business person is the company itself. For example, if Marta creates Marta Fashion S.L., the business person is Marta Fashion S.L., not Marta personally. While Marta may be the founder or shareholder,