In order to avoid unfair competition

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“The capital and industry partnership is widely used among us. It represents a happy combination of capital and labor. The project regulated it, based on the precepts of current legislation. It introduced, however, the precept of art. 65, which prevents the indefinite linking of the industrial partner to the partnership.

“In a limited partnership, with the aim of avoiding abuse, the maximum percentage that limited partners may have in the company’s profits was set (art. 69, §§ 2nd and 3rd).

“With regard to limited liability companies, the project sought to respect our commercial practice, which, it must be said, has, with wise prudence, remedied the deficiencies of decree no. 3,708, of January 10, 1919, which instituted them. The organization and operation of limited liability companies, according to the importance of the capital, the size bulk sms hong kong of the company and the greater or lesser number of partners, observe, as is customary, sometimes the rules that characterize the so-called partnerships of persons, sometimes the rules that govern capital companies. Without prejudice to the elements that particularize the limited liability company, the project sets out the rules that will meet the requirements of its operation in both cases.

“Like the Swiss Code of Obligations (art. 773), the bill establishes the minimum and maximum share capital and requires that at least half of it be paid up at the time of incorporation of the company. These measures aim to prevent the distortion of the company and to safeguard the interests of third parties who enter into a business relationship with the company.