Understanding Business Structures: Cooperatives and More
Understanding Business Structures
No member may have more than one-third of the capital.
Key Features
- Disclaimer: Limited contributions of each member.
- Minimum members: 3, including 2 workers.
- Minimum capital: SAL and SLL 3005.06 – 60101.21.
- Taxation: Income tax.
- Social security: General rules if partners are working.
- Name: Company name together with SAL or SLL.
Cooperative Societies
Special corporations. Natural or legal persons with common interests or needs.
Do not depend on political, religious, or trade union affiliations.
All rights and obligations are shared by partners.
The good is allocated in proportion to each partner.
Only members who work and provide capital.
Free membership and open door policy, with low incorporation fees for new members. The capital is variable, increasing with new partners and decreasing when they retire.
- Only people by name.
- Entitled to one vote, regardless of the money supply.
Figures Covered by Cooperative Law
- Cooperative Partners:
A minimum of 3 individuals over 18 years.
They provide the minimum amount specified in the bylaws.
Must be discharged from Social Security and can choose between the general or autonomous regime.
- Employees:
Workers hired by the cooperative.
The number of indefinite employees may not exceed 10% of total members.
- Attached:
Both individuals and corporations.
Provide capital.
Their combined contributions cannot exceed 33% of total members.
Rights:
- Participate in business and corporate activities.
- Elect and be elected to bodies socieales.
- Make proposals and participate with voice and vote.
- Be informed.
- Refund of contributions.
Duties:
- Participate in business, training, and meetings of bodies.
- Accept the charges for which they are elected.
- Comply with agreements.
- Maintain secrecy and data issues where it can be detrimental to the cooperative.
Cooperatives have 4 corporate bodies:
General Assembly: All partners. Voice and vote, vote and stand.
Governing Council: Responsible for managing, with at least 3 members.
Speakers: Reviewing accounts, up to 3 partners.
Appeals Committee: For dealing with complaints made by the cooperative, minimum 3 partners.
Features:
- Disclaimer: Limited.
- Minimum members: 3.
- Minimum capital: No minimum.
- Taxation: Corporate tax.
- Social security: General scheme of self-employed or by statute.
- Name: Accompanied by the initials: Scoop.
Non-Market Societies
Activities other than commercial.
It is governed by the civil code, and among them is the community of goods and civil society.
Community Property
A contract by which a particular property or a right belongs to several persons. The partners contribute goods, not money or work.
Characteristics of Community Property:
- Disclaimer: Unlimited.
- There is no minimum membership.
- Minimum capital: No minimum.
- Taxation: Tax on individuals.
- Social security: Employees “general scheme,” commoners in “free-lance.”
- Name: Name of the first commoner, followed by others and CB.
Civil Society
A contract whereby two or more people come together, pooling money, property, or industry in order to share the profits.
- There are two types of civil society:
-Civil society partnerships between the partners, which are kept secret.
-The civil society with public agreements between partners.