This is why many people use corporate and business strategies

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But we are referring to the partnership agreement in the broad sense: without legal personality. It is different when a company has been formally established (contractual, such as a limited liability company, or statutory, such as a corporation). And the difference lies in the fact that, in the latter case, a legal entity is created, distinct from its members: its own legal personality, its own existence and its own assets.

And, assuming the risk of didactic redundancy, we emphasize: personality, existence and assets distinct from the personalities, existences and assets of its partners. This encapsulation of active legal relations (powers) and buy bulk sms saudi arabia passive (obligations) in the legal entity of the company facilitates – and greatly! – the discussions on assets in the event of dissolution; and this ease increases in view of the obligation to maintain accounting records (article 1,179 of the Civil Code), with documents that prove the accounting records.

In a joint partnership (without legal personality), as in marriage and stable unions with common assets (communion, even if partial), there is no encapsulation of the legal relationships with economic expression that are common, nor is there a corresponding accounting record – that meets the multiple legal and regulatory requirements – that provides security corresponding to personified companies. A legal entity is not formed with formal accounting records, nor even an earmarked asset.