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PART 1 – HOW TO OWN A BUSINESS IN SPAIN

José María Segovia de la Colina


Commercial Law
February 14, 2023

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1. Company contract - partnership
Section 1665 Civil Code – General regulation of civil companies

“A partnership is a contract whereby two or more persons undertake to put in common


money, property or industry, with the intention of dividing any gains between them.”

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2. Essential elements of a contract

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3. Essential elements of a comercial company contract
Consent – Affectio Societatis

Object – the common goods/services shareholders are obliged to put in common.

1. Cause – Profit.

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4. Commercial Capitalist Companies
Close <---------------------------------------------------------------------> Open

Non-Listed companies Listed companies

Limited liability companies Corporations Only corporations

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5. Types of shareholders
1. Partners / industrial shareholders

2. Capitalistic shareholders / investors

Non-Listed companies Listed companies

Limited liability companies Corporations Only corporations

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6. First part of the report
I. Intro – Name, business, corporate image.

II. Type of company

III. Structure of the equity ownership

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