There are these three types of regular companies in Argentina:
Partnerships: may be collective, capital and industry or limited partnership
Share companies: these are limited liability companies.
Capital companies: may be anonymous, sole proprietorship or limited partnership by shares
We can understand it better in this table:
Types of commercial companies in Argentina.
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Of the people
Collective (SC)
Among the types of companies, this is one of the simplest in terms of legal requirements. It has full legal personality but, because the liability regime of the partners requires them to commit all their assets , it is not used so frequently.
In other words, the partners' response is:
subsidiary (if the company defaults, personal assets are claimed),
jointly and severally (all partners are responsible for the whole) and
unlimited (the liability is for the entire obligation, with no limit on amounts).
As for identification, you can have a corporate name or business name .
Capital and Industry (SCI)
The distinctive feature of these types of Argentine companies is that they have two types of partners with different functions and responsibilities .
Capitalist partners respond in a subsidiary, joint and unlimited manner (traits that we explained in the previous section).
Industrial partners contribute only their industry because they limit their liability to the amount of profits accrued (that which they have already earned) and not yet received (that is, that they have not yet collected).
It is identified, as in the previous case, by its corporate name or business name with its addition “Capital and Industry Company” or the abbreviation “SCI”.
Finally, either type of partner can exercise administration .
Simple limited partnership (SCS)
Among the types of commercial companies, this one also has two types of partners and only one of them has limited liability.
General partners are responsible for the company's obligations in a subsidiary, joint and unlimited manner. They may also manage the company.
Limited partners have a limit, since they are liable up to the amount of the subscribed capital. They cannot be part of the administration.
Regarding its identification, it may have a name or corporate name , with the addition “Simple Limited Partnership” or its abbreviation “SCS”.
Both general partners and third parties who are not partners may exercise administration.