Types of Business Entities: Limited Liability, Cooperatives, and Labor Companies
Limited Liability Company (SL)
Features
- It is a mercantile society of the capitalist type.
- Number of members: One or more.
- Minimum capital: €3,005, fully subscribed and paid at the time of incorporation.
- The capital is divided into shares. Participation is a fraction of the capital. It is a title and is freely transferable (unless it is acquired by partners, ascendants, descendants, or companies in the same group), since it needs the consent of the board.
- To be validly constituted, it is necessary to
Financial Activity, Budget, and Tax Law in Spain
Financial Activity of Public Bodies
Item 1 Financial Activity
Public bodies carry out various activities to meet public needs using economic means.
Features:
- Public activity developed by public bodies
- Its object falls on income and expenditure
- Instrumental character
- Economical
- Subject to planning and control
Hacienda Post
Based on 3 different approaches:
- Subjective (the body which carries out financial activities)
- Objective (public property)
- Functional (financial activity itself)
Features HP:
- Public ownership
- Passive
Legal Steps to Incorporate and Operate a Business
1. Legally Constituting a Company
1.1. Processing Through the Single Window
The Single Window is an initiative of public authorities and the Chambers of Commerce to avoid problems, streamline procedures, and encourage the creation of new enterprises.
2. Establishing Legal Personality in Companies
1. Negative Certification of Company Name
- Needed: Because commercial law prohibits corporate name matching.
- Where it is sought: In the Central Business Register (S. Trade) or in the Directorate General for the
Autonomous Communities in Spain: Structure and Powers
LESSON 9: Autonomous Communities in Spain
I. Autonomous Communities.
1. Political Quotes: Nationalities and Regions.
The denomination “Autonomous Region” is found in the Constitution, Title VIII. “The organizational form is structured political autonomy of the nationalities and regions making up the Spanish state.”
The recognition of different nationalities combines perfectly with the idea of the Spanish nation as a political unit of integration of the entire Spanish people.
Political science considers
Read MoreEmployee Rights: Contract Modification, Suspension, and End
Modification, Suspension, and Termination of Contract
- Modification of the employment relationship: Changes to the contract signed.
- Suspension of the contract: Temporary interruption of the contract (the employee ceases to receive, and the employer stops paying).
- Termination of contract: End of contract.
Modification of Contract Work
Functional Mobility
Any employee, with appropriate professional and academic qualifications, can perform tasks for which they have not previously been employed, changing the
Read MoreState Immunity and Labor Disputes: A Case Study
Case of D. Francisco vs. the British Embassy
1. Can D. Francisco sue the British Embassy for unfair dismissal, despite the Embassy’s potential claim of jurisdictional immunity?
It is well known in international law governing State immunity that the attorney for the British Embassy could plead jurisdictional immunity. This prevents D. Francisco from going to Social Court No. 1 in Madrid to ask the judge to qualify the dismissal and, if deemed improper, obtain a conviction.
First, it must be said that
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