What are the parnership types?

what are the partnership types

what are the partnership types

par MOHAMED OUALID OTMANI,
Nombre de réponses : 4

Under Algerian law, various types of business partnerships are defined and governed by the Algerian Commercial Code. Each type comes with distinct rules on liability, management, and shareholder requirements, allowing businesses to choose the structure that best suits their needs:

1.General Partnership (SNC): Partners here share unlimited liability and joint management of the business.

2.Limited Partnership (SCS): In this type of partnership at least one partner has unlimited liability, while others have liability limited to their investment.

3.Limited Partnership by Shares (SCA): It is similar to the SCS, but with capital divided into shares, and general partners have unlimited liability.

4.Limited Liability Company (SARL): Partners liability is limited to their contributions in this type of partnership, with a flexible structure for small and medium-sized businesses.

5.Joint Stock Company (SA): Requires at least 7 shareholders, and the  shareholder’s liability is limited to their shares.

6.Simplified Joint Stock Company (SAS): A flexible structure introduced for startups, with limited liability and customizable management.

En réponse à MOHAMED OUALID OTMANI

Re: what are the partnership types

par Badreddine BERAHLIA,
Translate their names in Arabic, please.
En réponse à Badreddine BERAHLIA

Re: what are the partnership types

par MOHAMED OUALID OTMANI,
1. General Partnership (SNC): شركة تضامن
2. Limited Partnership (SCS): شركة توصية بسيطة
3. Limited Partnership by Shares (SCA): شركة توصية بالأسهم
4. Limited Liability Company (SARL): شركة ذات مسؤولية محدودة
5. Joint Stock Company (SA): شركة مساهمة
6. Simplified Joint Stock Company (SAS): شركة مساهمة مبسطة
En réponse à MOHAMED OUALID OTMANI

Re: what are the partnership types

par Badreddine BERAHLIA,
Is their other types please?
Mention their articles in the Algerian law please?
En réponse à Badreddine BERAHLIA

Re: what are the partnership types

par MOHAMED OUALID OTMANI,
1. General Partnership - شركة تضامن (SNC):
Partners here share unlimited liability and joint management of the business.
-Mentioned in Articles 551 to 563 of the Commercial Code.
2. Limited Partnership - شركة توصية بسيطة (SCS):
In this type of partnership, at least one partner has unlimited liability, while others have liability limited to their investment.
-Mentioned in Articles 563 bis to 563 bis 10 of the Commercial Code.
3. Limited Partnership by Shares - شركة توصية بالأسهم (SCA):
Similar to the SCS, but with capital divided into shares, and general partners have unlimited liability.
-Mentioned in Articles 715 bis 102 to 715 bis 171 of the Commercial Code.
4. Limited Liability Company - شركة ذات مسؤولية محدودة (SARL):
Partners’ liability is limited to their contributions, with a flexible structure for small and medium-sized businesses.
-Mentioned in Articles 564 to 592 of the Commercial Code.
5. Joint Stock Company - شركة مساهمة (SA):
Requires at least 7 shareholders, and shareholders’ liability is limited to their shares.
-Mentioned in Articles 715 bis to 715 bis 101 of the Commercial Code.
6. Simplified Joint Stock Company - شركة مساهمة مبسطة (SAS):
A flexible structure introduced for startups, with limited liability and customizable management.
-Introduced into Algerian law through Law No. 22-09 of May 5, 2022.(Added to the Commercial law)
7. Single-Member Limited Liability Company - شركة ذات مسؤولية محدودة بشريك واحد (EURL):
A limited liability company with a single partner, allowing sole proprietors to limit their liability.
-Mentioned in Articles 564 to 592 of the Commercial Code.
8. Grouping - تجمع:
An association of two or more legal entities formed to facilitate or develop economic activities without the intention of profit-sharing. It can be established without capital.
-Mentioned in Articles 796 to 799 of the Commercial Code.