Company law in ecuador

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Company Law in Equator

Geovanna Ortiz

International Management

June 2010





Company Law

Elements of a society contract


Mercantile Society



The Ministry of Industry and Productivity (MIPRO National Government of the Republic of Ecuador develops plans and projects promoting and developingsmall and micro enterprises. The institutional support is very important as giving life to a business project requires different steps.

The Company Law of Ecuador establishes the guidelines to follow for the creation of companies.
Another organization that promotes the creation and strengthening of companies and deals advise the Superintendency of Companies.


The company isall economic entity whose effort is aimed at providing goods and / or services to be sold produce a value called marginal utility.


The company in any economic system will be the engine that moves the economy of a country, the importance lies in its wealth-generating capacity, which, if distributed equally conducive to social peace and tranquility and hence development.Classification

The company can be classified from several points of view, for this purpose shall take into consideration the following:

a) For the activity meets

b) Due to the size

c) For the sector to which it belongs

d) How the organization of Capital


Commercial: That takes care of bringing the goods from the producer to the brokerdealer or consumer, without changes in form or substance in the nature of the goods

 Industry: It is the one responsible for processing, substantial or slight modification of certain assets in other older children with the help of the factors of production.

Services: A company created to meet certain needs of biological, emotional, affective and the like.

b) THE SIZEBusinesses are classified as small medium and large. The size of a company is given by several factors, among which the most important are:

Heritage Value, Volume of fixed assets, number of people, area or area of use, etc.


Companies can belong to:

Private Sector: The contribution of capital corresponds to natural or legal persons from the privatesector.

Public Sector: If the capital contribution does the government (state).

Joint Sector: Where in the formation of capital inputs attend both the private and public sector.


In this sense, companies are classified as:

Sole Proprietorship: The capital is shaped with input from a single individual.

Company orCompany: Capital (property) is formed through the contribution of several individuals or corporations.

The companies are divided:

1. People: with limited and Name Class.

2. Capital: Company, Mixed Economy, Company Limited and limited by shares.

Companies law Features and Importance.

It amounts to a special law because it regulates certain kinds of phenomena to the law of CIAS,not interested in the business carried out by individual entrepreneurs, as this interest to the commercial code, but company law or corporate law the employer is interested united society.

Company contract is one by which two or more persons join their capital and industries to engage in commercial operations and share in its profits.

This agreement is governed by the provisions of this Act,the Commercial Code, by agreements of the parties and the provisions of the Civil Code.

The Society is a subject of law is a legal person distinct from its partners in this situation. Society or Company is a contract between two or more people putting something in common with the purpose of dividing the benefits of this come from this contest of wills in corporate matters is called affective...
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