When forming a company, one of the steps to take is to formalize the type of company to be established before a notary public. This legal act is the constitutive act of a company.
Among other issues, it will specify their bases, purposes, members, the specific functions that each of these will have to perform, their authenticated signatures that will serve to account when the time comes to have to prove the identity of any and all information of importance and fundamental of the society that is constituted.
Just as a person is registered at birth through a birth certificate, when a company is founded it is also necessary to record its legal nature in a document according to the laws of each country.
The articles of incorporation is a mandatory legal requirement that any type of entity must comply with when formalizing its registration.
The content of the articles of incorporation must include the fundamental information about the company or type of company
The first aspect to consider is the name of the company. The exact amount of the entity's capital stock is also specified, that is, the economic contribution made by each of the partners. The object of the company has to specify in detail everything that said company intends to carry out (a company will not be able to carry out an activity if it has not previously been defined among the initial functions).
As is logical, in the document of the minutes it is necessary to specify the registered office of the entity and the different positions of representation of its members with their corresponding signatures.
Types of companies
In the content of the articles of incorporation it is also necessary to establish what type of company or company is going to be formalized.
A commercial company is a legal person that undertakes to make some type of contribution, whether in capital, labor or knowledge. Companies can be classified into the following sub-sections: partnerships, capital companies or mixed companies. The first are those in which all the partners that form it are known and the main component of them are the partners of the entity (the collective partnership and the simple limited partnership are examples of this modality).
In capital firms, what is relevant is the amount of the contributions of each partner (examples of which would be the public limited company, the limited partnership by shares or the simplified joint stock company).
In those of a mixed nature, the objective is to create an entity that can complement a work capacity with values and talents of other people who in turn provide the necessary capital (the limited liability company is the most significant within this modality).
