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Where the project shows itself to be completely original

Posted: Wed Jan 22, 2025 10:39 am
by mahbubamim077
Regarding limited liability companies, their project considered only 12 articles , establishing, from the outset, that “in the limited liability company contract it will be expressly stated that the liability of the shareholders is joint and several but limited to the amount of the share capital”.

It states that the company will be individualized by a firm name or denomination, which will make known, when possible , the corporate purpose, and will end with the word limited , and may begin with the word company .

Declares that the use of the firm is the responsibility of the managing partners.

It does not establish a minimum or maximum for the constitution bulk sms hong kong of the share capital, nor for the value of the shares.

It places limited liability companies among partnerships , denying any supplementary application of the legal provisions on public limited companies.

The limited partnership appears regulated in the project with its traditional and universal nature.

The only innovation it made was to subject to the effects of bankruptcy the limited partner who becomes, by his own act or by his own decision, jointly liable , or by carrying out acts of administration , or giving his name to the corporate firm .