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Monaco: Types of Company

Société en Nom Collectif

This form is similar to a common law partnership, in that the participants have unlimited liability. However the interests of the partners (associes) are denominated in book-entry shares (parts).

Unlike a partnership, the Société en Nom Collectif is, as its name implies, better regarded as a company. It is formed on signature of its articles (statuts), which include a definition of the powers of the manager (gerant), who is liable alongside the partners (indeed he is one of them) for the partnership's debts.

 

 

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