Cooperative company


Details

Legal Personality
Yes

Assets/Share Capital

Sufficient funds for the company’s projected activities

Duration

Illimited except otherwise provided

Incorporation Requirement

Deed

Notarial act

Seed Funding

Contribution in cash and in kind

Minimum number of shareholders

3

Financial Plan

YES

Securities

Types

Registered shares
Registered bonds (but possibility to have dematerialized bonds)

Voting Rights

Minimum 3 shares with voting right- One share = one vote, except where otherwise decided

Transfers

Free between shareholders
Limited for third parties

Liability

Shareholders

Proportionnate to the contribution

Directors

Joint liability of founding members

Decision Making

Board

One or more directors
Collegiate or not
Daily managers

Representation

Collegial or individual or flexible
Daily managers

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Corporations
Published on 14 October 2019
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