You have a distinct idea. You already know it’ll be an excellent deal. But you don’t know how to start a business in a country riddled with bureaucratic red tape and oppressive legislation.

Now, everything will be revealed to you that you cannot afford to overlook establishing your consultoría y gestoría en Andorra Company lawfully and in the proper legal form based on your future business needs. 

What is the legal structure of a business?

A corporation’s legal form is the identification or legal configuration that allows a professional or company to engage in economic activity.

Different types of legal forms

Individual, corporate, and cooperative legal forms are the three categories.

Individual

With the individual legal form, you will be the sole owner. You will have limitless liability to third parties, which means you will have to answer with all of your current and future personal assets if necessary.

Corporate

The ownership of the consultoría y gestoría en Andorra Company is distributed among the number of partners under the corporate legal structure. There are various types of businesses, each with its responsibilities. Limited companies, civil societies, joint-stock companies, and limited partnerships are a few examples.

Cooperative

The cooperative legal form is in which the owners, who are employees of the company, have restricted liability to the capital contribution. It is a legal structure governed by statutes.

How to Select a Company’s Legal Structure

Buying and selling, foreign investment, and company reorganization are just a few of the concerns that can be addressed as part of your business project in Andorra. The procedures must be carried out following current Andorran legislation. As a result, a basic orientation has been provided to provide a comprehensive service for your projects in Andorra. This covers legal aid in the various commercial law practice areas in Andorra, such as legal counsel to assist you with your individual legal needs.

Andorra Solutions is your one-stop shop for tax assistance, company law, and immigration services linked to your Andorran projects.