General Law of Commercial Companies

Published in the Federal Official Gazette on August 4, 1934, it is the regulation that governs commercial companies in Mexico. This law establishes the legal bases for their constitution, operation, transformation, merger, spin-off, dissolution, and liquidation. What is the 'General Law of Commercial Companies' in Logistics? In the logistics context, transportation and logistics companies that operate as commercial companies are subject to the provisions of this law. Some relevant aspects that the law addresses include partner responsibility, company structure, decision-making, profit distribution, among others. Types It is the main legislation that regulates commercial companies, but there are different types of companies governed by this law. Some of the types this law covers are: Corporation (S.A.): A company whose shares are represented by stock. Shareholders have limited liability to the contributed capital. Limited Liability Company (S. de R.L.): In this company, partners' liability is limited to the amount of their contributions. Simple Limited Partnership (S. en C.): Composed of general partners, who have unlimited liability, and limited partners, whose liability is limited to the contributed capital. Functions Control Terrestre, as a logistics company, could use these provisions to: Establish its Organizational Structure: Define the hierarchical structure and functions of governing bodies within the company. Determine Responsibilities: Clearly establish the responsibilities and obligations of company partners and executives. Make Structural Changes: Manage changes in company structure, such as capital increases or modifications to its corporate purpose. Ensure Legal Compliance: Guarantee that company operations comply with legal provisions established in the law.