There are almost 5 million companies registered in Mexico, according to the National
Institute of Statistics and Geography (INEGI), and they all operate under the scheme of the
General Law of Commercial Companies.
Trading companies exist under a business name or trade name and are constituted by
partners or shareholders with a common goal and lucrative purpose.
These companies can perform commercial acts freely to achieve their goals. It is important
that you learn about the different trading companies that exist to make the best decisions for
your firm. Some of their most prominent characteristics include:
● Having a common purpose.
● Earning money through lucrative activities.
● Distributing their earnings and losses among its partners.
● Each partner contributing distinctively (may be with capital, work or goods).
Types of trading companies:
1. Business partnership: It is a type of company in which partners respond in a
subsidiary, unlimited, and solidary manner to their social obligations. No minimum
capital is established, and there is no limit in the number of partners that can
participate.
2. Limited partnership: It is formed by silent partners that respond in a subsidiary,
unlimited, and solidary manner to their social obligations, and general partners whose
only responsibility is the payment of their contributions.
3. Partnership limited by shares: Includes two types of partners: the general partner
and the silent partner. Not all partners have the same liabilities given that their capital
exists in the form of shares.
4. Limited liability company: It is constituted by partners whose only liability is the
payment of their contributions. The parts cannot be represented by any negotiable
instruments or bearer securities (or bonds), given that these would only be allowed in
the cases and under the requirements established in the General Law of Commercial
Companies. This type of company cannot include more than 50 partners.
5. Anonymous society: It is composed of partners whose only liability is the payment
of their contributions. The minimum capital required is fifty thousand pesos, and
companies like this can last from 1 to 99 years.
6. Cooperative: In this type of association, workers are also partners.
At QuAdrans Law and Finance we can advise you and help you in the planning of your
trading company.
Contact us to learn more about our services!
Legal and Accounting Consulting in Playa del Carmen
