MexicoAccounting and Audit
FORMS OF BUSINESS ORGANIZATION
The principal forms of business entities are the corporation (sociedad anonima, SA), corporation with variable capital (sociedad anonima de capital variable, SA de CV), general partnership (sociedad en nombre colectivo, S en NC), limited partnership (sociedad en comandita simple, S en C), limited liability company (sociedad de responsabilidad limitada, S de RL), and limited partnership with shares (sociedad en comandita por acciones, S en C por A). All these forms possess a legal identity distinct from that of their members. Other forms include the branch (sucursal) and the joint venture (asociacion en participacion). Professional partnerships are often organized as companies formed under civil, rather than commercial, law. A company formed in this way is called a civil company (sociedad civil, SC).
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