Limited Liability Company

In Peru, the limited liability company recently introduced in our Civil Code of 1936, in the form of civil society, eminently personal, with their sociology.Posterior limited liability, limited liability company incorporated in the Act of Corporations, 1966, where it regulates as a corporation with the structure has today. 2. Concept. More info: Home Depot. This corporate form is not new, as in the previous corporate law existed and the committee drafting the proposed rule is in effect replaced by a closed corporation, but the proposal does not prosper.Esta first motivation was based on the partners to contribute to commercial society with limited liability were not given any title, or certificate as evidence therefore could not use it to transmit it, trade it or give it as security, it was considered a limited liability company with the advantages of the corporation . For a commercial doctrine of limited liability is also known as a closed corporation with participants (not pressed), well, limiting the liability of partners, but at the same time participating in the management of society is the attractiveness of this form of company, while traders and industrialists are released from the requirements and formalities of the corporation.

3. Title. The SRL was preceded by the civil society with limited liability, which was regulated in the Civil Code of 1936. Thus the previous LGS was the first to pick it up with its current characteristics, provided that the LLC could have a name or business objective. However, the doctrine and practice different concepts of “name” and “name”, such that normally apply to unlimited liability companies, respectively.