Characteristics Of The Stock Company

Anonymous society is known as the association that is carried out in order to collect economic capital collectively among several investors.

Thus, one of the main characteristics of the corporation It is based on the purchase of shares in an association that aims to pool an economic amount that forms a legal entity and a legal entity.

Characteristics of the corporation:

1.- History.- In historical terms there are very few sources, but we can take as origin the banking processes used in Genoa Italy, attributing to this bank the creation of a capital society, from this point the capital meeting by different people with a purpose specific.

2.- Definition.- The denomination is the concept with which limited companies are understood, and are those companies, always of a commercial nature that has the circumstance of bringing together its holders as per their participation economical.

3.- Assemblies.- The assemblies of partners These are the meetings held by the active and recognized members of these societies, and are the meetings in which they make decisions in relation to:

• Attention to economic and general balance sheets
• The decision regarding the distribution of profits and the way in which it will be carried out.
• Appointment of managers and officials.
• Dismissal or removal of managers and officials
• Modifications in the constitutive contracts or the social contract
• Approval of the entry or withdrawal of partners.

4.- Partners.- Only those who can prove their participation by means of a constitutive act or by the evidence existing in the corresponding public commercial registry are called partners.

5.- Company administrators.- This is a body that represents in all its affairs, whether internal or external. It is through this body that all processes are administered and can be established in a board or directory.

6.- Mandatory bodies.- We will understand as mandatory bodies three bodies that, in general, in all laws are essential for the constitution of the public limited company:

• General meeting of shareholders (assembly)
• Company administrators
• Supervisory board, (supervise the administrators)

7.- Acronyms.- The acronym for joint-stock companies or limited liability companies is "S.A”, And is usually accommodated at the end of the name of the company made in partnership.

8.- Capital Company.- In these companies, contributions can only be made in goods or money and they can only respond for the amount corresponding to their invested assets in economic value.

9.- Shares or Division of capital in negotiable securities.- These titles are called shares and correspond to a certain value, the shares can be sold (traded) and there are three types of shares:

• Class A shares
• Class b shares
• Class c shares

In this sense, it must be clarified that the categories represent a value within the company, both in economic contribution and in decision-making.

• Class A shares. These shares are the ones that represent the largest capitalists in the company, and they are the ones with which have those who can make the main decisions of the company and among those who are distributed greater utilities.
• Class b shares.- These shares have a good performance, but always lower performance than those of class "a", these shares have a considerable value within the company, but its holders do not have decision-making rights in the company correspondent.
• Class c shares.- In these shares the cost of their acquisition is low, they are open to general purchase and sale and are available for anyone, they have a value similar to the currency of exchange. For no reason these shareholders can make decisions and these actions do not form a considerable part of the capital of the company.