Accounting Exam Review: Types of Corporations

Vocabulary flashcards covering core accounting and corporate law concepts regarding Sociedad Anónima, Sociedad Anónima Bursátil, and Sociedad de Responsabilidad Limitada.

Artículo 87

The article establishing that a Sociedad Anónima exists under a denomination and is composed exclusively of partners whose obligation is limited to the payment of their shares.

Sociedad Anónima Minimum Members

The requirement that at least 2 minimum members are required to form a Sociedad Anónima.

Sociedad Anónima Minimum Capital

The minimum capital that must be exhibited by a Sociedad Anónima, which is $50,000.00.

Sociedad Anónima Bursátil Governing Laws

The regulations governing a Sociedad Anónima Bursátil, specifically La Ley de Mercado de Valores and La Ley General de Sociedades Mercantiles.

Sociedad Anónima Bursátil Listing Requirement

The requirement of a minimum of 100 shareholders to trade on the Bolsa Mexicana de Valores for a Sociedad Anónima Bursátil.

Sociedad Anónima Bursátil Administration

The administrative body of a Sociedad Anónima Bursátil, consisting of the Consejo de Administración and the Director General.

Sociedad de Responsabilidad Limitada Capital Division

The division of social capital into partes sociales (social parts) of unequal value and category.

Sociedad de Responsabilidad Limitada

A society where partners are liable only for their contribution and without negotiable titles.

Sociedad de Responsabilidad Limitada Partner Limit

The restriction that a Sociedad de Responsabilidad Limitada must not have more than 50 partners.