Sociedad de Responsabilidad Limitada or SRL.Section 17 b) This the equivalent of a Limited Liability Partnership formed by two types of partners: one or more general partners who direct business and’ are jointly and severally liable for debts, and one or more limited partners whose liability is limited to the amount of equity paid in. In addition, the personal assets of all partners can be used to satisfy the partnership’s debt. Partners are not only liable for their own actions, but also for the business debts and decisions made by other partners. Section 17 a) This is the equivalent of a General Partnership, where partners retain full, shared liability among them. The Commercial Code in Costa Rica allows for five business structures: So, from this perspective, the answer is quite simple: You need a corporation if you are planning on doing business. The corporation is commercial in nature, as its purpose is to further business activities. To separate the personal assets of the investors or partners from the business assets. To amass capital from different investors or partners for the furtherance of common business goals, and.We are going to address this issue from two perspectives, from a business perspective and from an expat perspective. This is a recurring question among expats.
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