The creation of a business alone or with partners requires the choice of a fixed legal form. This defines the level of responsibility of the founders and that of the business. It is therefore important to gather the right information to make the appropriate choice before embarking on it. What legal status is suitable for a business with 3 partners? Here are some guidelines in the following lines.
A general partnership
For the creation of businesses with 3 partners, the choice of legal status depends on the relationships between the partners and their level of responsibility. When the professional activity is held by partners with close personal and professional ties, it is preferable to register as a general partnership.
Read also : Which status to choose for your transport company?
This legal status is practical when two or three people decide to manage a business according to the rules of commerce. From an administrative standpoint, the partners must establish a contract that defines each person’s responsibilities and shares. It is possible to register with the RCS of Fribourg to complete the formalities inherent to this legal form.
Further reading : 3 cases in which to consult a personal injury lawyer
The limited liability company
Your business creation can take the form of a limited liability company (SARL). This structure is recommended for small or medium businesses. Even family businesses can register with the chamber of commerce under this status and obtain the Kbis extract. Here, it is important to have a minimum share capital of 20,000 CHF and a company name mentioned in the official documents.
The partners collectively manage the business according to the share each holds. However, it is necessary to choose a director and mention the name of each partner in the national register. According to the statutes, you must collectively find a prestigious address for the company’s domiciliation.
The public limited company
Three partners can also come together to create a public limited company. This is a legal form with limited liability where the minimum share capital is 100,000 CHF. This capital is distributed in the form of shares among the partners who can remain anonymous in the administrative documents. The registration procedures require notarized authentication of the business and validation of the statutes and obtaining the SIREN number. In a legal framework, such a business is managed by a General Assembly, a board of directors, and a supervisory body.