April 11 2005
Nicaraguan commercial legislation recognizes four types of company:
Among these, the most common are corporations, followed by general partnerships, which usually limit the liability of partners and are therefore considered as limited liability companies. Limited partnerships and joint stock associations are rarely used.
In corporations and limited liability partnerships the liabilities of the partners depend on their contributions. However, corporations are stock capital companies where the identification of the shareholders is generally irrelevant. This differs from limited liability companies, where the identification of the partners is an essential element. Further differences between the types of company relate to their organization and administration, and include the following:
For further information on this topic please contact Rodrigo Taboada Rodriguez at Taboada & Asociados by telephone (+505 2 683 839) or by fax (+505 2 668 088) or by email (email@example.com). The Taboada & Asociados website can be accessed at www.taboadayasociados.com.
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Rodrigo Taboada Rodriguez