In spanish corporate law, we find different types of business groups between the individual entrepreneur and the capital companies: the “collective society” (similar to the general partnership), the “cooperative” (similar to a cooperative or co-op). and the “stock-based company” (which looks roughly like the limited partnership). Although they share some characteristics with Anglo-Saxon partnerships, they are not exactly the same, so you have to be very careful when using one of these expressions as a translation of a partnership. Under Section 1 of the Partnership Act of 1890, the relationship between those who develop a common profit activity is referred to as partnership. Have you ever heard of the partnership? Do you know why this is such a particular genre and characteristic of Anglo-Saxon corporate law? In this article, we`ll help you understand a little better. read. As in the case of the individual entrepreneur (individual entrepreneur), partnerships do not have their own legal entity, but develop their activities by the legal force of their partners who, with all their assets, react indefinitely to the debts incurred during the development of their business. We offer different types of Spanish and English translators, whose best contextual automatic translations combine with interactive, user-controlled translations. Our best version, Translator professional plus 5, includes the following features: Images for better sense, a translation optimization module that uses a multi-selection assistant to choose from all possible variants for translation, voice recognition for dictation functions and voice commands that allow you to say out loud the tasks you need. , without a mouse or keyboard.
Download a trial version now! We therefore advise the lawyer or translator who must face them to leave the English term and, if necessary, add a footnote indicating that this partnership in question is similar to the Spanish company concerned. These words are often used with partnership. Click on a location to see more examples. This would be the case with the so-called “general partnership,” but there is another type of company called the Limited Liability Partnership (LLP) in which partners only react to the amount that has contributed to it, up to the amount that has contributed to it.