Sociedad Anónima + [VENTAJAS y DESVENTAJAS] 👨‍💼👩‍💼 | Economía de la empresa 2º Bachillerato 20#

Welcome to Business Economics

In this section, the transcript introduces the concept of limited companies, specifically focusing on public limited companies (SA) and their characteristics.

Limited Companies Characteristics

• Limited companies are commercial entities with capital divided into shares, limiting partners' liability to their contributions. Known as SA.

• A public limited company can have one or more partners; if one partner, it's a sole proprietorship.

• Minimum capital required for a public limited company is 60,000 euros, with 25% payable at incorporation.

Governing Bodies of Public Limited Company

This part discusses the governing bodies within a public limited company and their roles.

General Meeting of Shareholders

• The supreme body where shareholders decide on key matters like electing administrators and approving accounts.

• Resolutions are based on majority capital represented; voting rights correlate with share ownership.

Board of Directors or Administrators

• Responsible for managing and representing the company externally.

• Comprises elected representatives including a president and secretary; not mandatory to be shareholders.

Types of Public Limited Companies & Advantages/Disadvantages

This segment explores the classification of public limited companies based on financing types and outlines their advantages and disadvantages.

Types of Public Limited Companies

• Open limited companies seek external financing through stock markets or public subscriptions.

• Closed stock companies rely on founding partners' capital without external share sales.

Advantages & Disadvantages

Advantages

• Limited liability protects investors' contributions only.

• Ease in selling shares via stock markets facilitates investment recovery.

Disadvantages

• Potential conflicts due to differing objectives between shareholders and managers.

Understanding the Challenges of Implementing a Public Limited Company

The transcript discusses the challenges faced in implementing a public limited company, focusing on issues such as shareholder information and capital requirements.

Challenges Faced in Implementing a Public Limited Company

• Shareholders, especially minority shareholders, often lack sufficient information on management practices.

• Many companies feel constrained in adopting this model due to the high minimum capital requirement of 60,000 and the need to pay 25% during incorporation.

Process of Constituting a Public Limited Company

This section delves into the process involved in establishing a public limited company based on legal requirements.

Steps for Establishing a Public Limited Company

• The constitution of a public limited company varies based on legal regulations in different countries.

• Companies are typically constituted through a public deed containing essential details like company statutes and member information.

Key Information Included in the Charter of a Public Limited Company

This part outlines crucial details that should be present in the charter when forming a public limited company.

Essential Details in the Charter

• Inclusion of names and details of members or legal entities, incorporation expenses, and company statutes.