This is one of the legal forms of business usually

[suchona.kani.z]

The term unlimited refers to the obligation to extinguish the debts contracted by the company with the personal assets of the partners, should it become insolvent.

The term joint and several indicates that the payment of debts can be requested from each partner, who can request that the other partners return their share once paid.

The legal forms of business that fall within partnerships are:

Simple company (Ss)
General partnership (Snc)
Limited partnership (SAS)
Let's analyze them in detail.

partnership

Simple company (Ss)
The legal forms of simple partnerships identify those non-commercial activities in which the partners provide goods and services to the company for its operation.

A simple partnership is not subject to bankruptcy, but any creditors sweden email list will have the right to request the debt to be paid from the personal assets of the partners.

General partnership (Snc)
The legal forms of general partnerships identify the performance of a commercial activity with unlimited and joint liability by all partners.

In these cases, if the company fails to meet its debts, the creditor will have the right to ask for payment from the individual partner, who will be liable for the entire amount and not in proportion to his or her share of the company.

chosen for medium-small commercial activities, and is established with a public deed before a notary or in a private deed with authenticated signatures.