What is an SCP: types and characteristics

Are you thinking of starting a business with other people? To do so, there are several legal forms that you can choose from. Today, however, we will focus on the SCP, since it hardly requires investment from the partners and the procedures for its constitution are very easy to carry out.

We explain what it is, how it works and what types of SCP there are.

What is an SCP?

The SCP is an agreement between entrepreneurs to start a business together. The capital of an SCP is made up of the contributions of the partners, who can contribute in various ways: with money, work, services...

How many SCP models exist?

Private Civil Society. This type of SCP is created before a notary, so it has legal personality.

Private Civil Society. It is created through a private document between the partners. Therefore, it does not have legal personality.

Professional Civil Society. It is established when a common professional activity or several that are legally compatible will be carried out. This type of SCP is usually chosen by liberal professionals such as lawyers, architects...

Steps to set up an SCP

To form a civil partnership, the first thing you need to do is draft a private or public document. This contract must detail the business activity, what each partner contributes, the percentage of participation in both profits and losses, how it is managed, who represents it and the causes that are foreseen for the liquidation and dissolution of the partnership.

This type of company does not need to be registered in the Commercial Registry, but it is necessary to take the contract to the Treasury to obtain the NIF and register it with the IAE, Economic Activities Tax.

Main characteristics of the SCP

It must be formed by a minimum of two partners. Liability for debts incurred during the activity towards third parties is personal and unlimited. All partners must register as self-employed, except in exceptional situations.

It is necessary to make a public or private contract.

There is no minimum social capital. This consists of goods, work, services or activity of society in general.

You can choose between different forms of administration and representation. Both sole administrators and joint or joint administrators are permitted.

Pays corporate tax.

In commercial matters it is governed by the Commercial Code.

Rights and obligations are governed by the civil code.

The duration of the partnership must be agreed upon.

If you need more information, do not hesitate to contact DATA AND SERVICES.