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Legal Forms of Companies

Sociedad con Responsabilidad Limitada or Ltda (limited liability company)

Number of partners: Between 2 and 25 partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Their liability is limited to the amount of their investment.

Sociedad Anonima is a limited company.

Number of partners: Minimum of 5 partners, no maximum.
Capital (max/min): No minimum capital. At least 1/3 of the value of each share must be paid upfront. The remaining 2/3 must be turned over the following year.
Shareholders and liability: Their liability is limited to the amount of their investment.

Sociedad colectiva (partnership)

Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital.
At least 1/3 of the value of each share must be released. The remaining 2/3 must be paid in the following year.
Shareholders and liability: The partners are jointly and indefinitely liable.

The Sociedad en acciones por comandita (SCA) is a partnership limited by shares.

Number of partners: Two partners minimum: a general partner and a silent one.
Capital (max/min): No minimum capital.
Shareholders and liability: The liability of the general partner is unlimited. The responsibility of silent partners is limited to the amount of their investment.

Sociedad en Comandita Simple (SCS) is a limited partnership.

Number of partners: Two partners minimum: a general partnert and a silent one.
Capital (max/min): No minimum capital.
Shareholders and liability: The liability of the general partner is unlimited. The responsibility of silent partners is limited to the amount of their investment.

Business Setup Procedures

Source: Doing Business - Latest available data.