Chapter 9 Flashcards
Capital Companies (I): Constitution
Commercial companies. In our law, they have a mercantile nature due to the social form adopted, regardless of their corporate purpose in the case of:
A –> General partnership and simple limited liability partnerships.
Join stock company:
C –> The joint stock company will establish its domicile within the Spanish territory, in the place where the center of its effective administration and management is, or where its main establishment or operations is located.
Limited liability company
D–> the capital must be fully subscribed to and paid up.
Foundation of the joint stock company. For a joint stock company to acquire a legal personality it is necessary:
A –> Public deed and registration in the Business Registry.
Irregular companies. Taking into account the concept of irregular society, which of these statements are correct?
D –> None of the above.
Minimum amount for the share capital.
A –> Minimum amount of €3,00€ for a LLC and €60,000 for a JSC.
The company name.
D –> All of the above.
Corporate purpose
A –> The purpose or object delimits the scope of representative powers of directors.
Registered office
D–> All of the above.
The so called “company in the process of formation”
A –> The will to register the company is assumed or presumed, although it has not been done yet.
