Company definition
It is a capital management within an organized legal framework, and the company must be composed of more than one person participating in the establishment of a specific project
Commercial companies:
They are companies in which the partners gain the status of a merchant and bear the obligations arising from that and are subject to the bankruptcy system whenever they stop paying their commercial debts
Types of commercial companies:
They are companies that are based on personal consideration and are mainly composed of a small number of people linked by a relationship such as kinship or friendship, and each of them trust each other in his ability and competence.
In the original, the death of one of the partners, his confinement, his bankruptcy, or his withdrawal shall result in the dissolution of the company
Commercial companies include:
1- Solidarity company —- It is the ideal model for people’s companies (in which every responsible partner is jointly responsible and each partner acquires the status of a merchant)
2- Simple Partnership Company ——— It consists of two teams
Solidarity– – They are subject to the same laws that the partners in a solidarity company are subject to. Each of them is responsible for his joint and unlimited liability for the debts of the company and they acquire the status of a trader
Recommended —— They do not ask about the debts of the company except within the limits of their shares, and they do not earn from the status of a trader and do not participate in the management of the company
3- The joint venture company —– It is a commercial company that convenes between two or more persons whose business is practiced by a visible partner who deals with others .. so that the company is limited to the private relationship between the partners, provided that the company may be proven between the partners by all methods of proof (consisting of two parties and with the purpose of eliminating common things)