00014001_GBE

Agenda
Country Profile
Legal System
Types of Business Ownership
Limited Liability Company(LLC)
Closing of Company

Country profile
Madrid
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Legal System
The Spanish legal system is a civil law system, as opposed to common law, which is founded on prior court decisions
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Types of Business Ownership
Sole Proprietorship
Partnership
Limited Liability Company
Corporations
Cooperative

Sole Proprietorship
Partnership
When someone conducts commercial operations but does not register as another type of firm, it is referred to as a sole proprietorship
Limited Liability Company
Offers the limited liability protection, can be very flexible in the management, offers the limited liability protection

Corporations
Cooperative
There are actually a few separate types of corporations, and each one has something that makes it a little different ( C corporation, B corporation, close corporation and nonprofit corporation)
The goal of a cooperative is to meet the needs of those in charge of it. The cooperative's employees, often referred to as user-owners, share in the earnings.

Limited Liability Company(LLC)
Limited liability companies are defined as a type of business structure where members and partners in a business entity with all the protection of a corporation plus the ability to pass through any business profits and losses to their personal income tax return

Benefits of Limited Liability
100% Foreign Shareholders
Limited Liability
One Shareholder
One Administrator
Low Minimum Share Capital
Fast Registration
EU Membership
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Closing of Company
Dissolution
Liquidation
Extinction
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