![Sociedad Comanditaria 🏢 [Simple y por Acciones] | Economía de la empresa 2º de bachillerato 18#](https://i.ytimg.com/vi/SpFiU0hce8I/hqdefault.jpg)
Sociedad Comanditaria 🏢 [Simple y por Acciones] | Economía de la empresa 2º de bachillerato 18#
Welcome to Business Economics
In this section, the concept of limited partnership in business economics is discussed, highlighting the roles and characteristics of general partners and limited partners.
Limited Partnership Structure
- Limited partnerships involve at least two individuals coming together to operate a business without a legal minimum social capital requirement.
- General partners are responsible for managing the company and have unlimited liability for social debts.
- Limited partners cannot participate in management but have limited liability, liable only up to their contributions.
Advantages and Disadvantages
- Advantages
- No minimum capital required for formation.
- Partners' motivation stems from direct participation in profits.
- Allows raising more capital without interference from limited partners.
- Disadvantages
- Limited partners lack voting rights and involvement in administration.
- General partners face unlimited liability and taxation through Corporation Tax.
Example of Limited Partnership
An illustrative example of a limited partnership involving three siblings showcases how different partner types handle liabilities in a business scenario.
Case Study of Sibling Partnership
- Pedro opens a physiotherapy clinic with his siblings Ana and Alejandro as limited partners.
- Pedro invests as a general partner while Ana and Alejandro contribute as limited partners.
Business Scenario Outcome
- The clinic faces financial challenges leading to insolvency with debts exceeding available capital.