Creating an online company may seem like a complicated and overwhelming task, but with our help, we are sure it will be a simple and smooth process.
In Spain, there are several types of companies that can be incorporated, each with different characteristics and requirements. Below, the most common types of companies are briefly described:
- Public Limited Company (SA): It is a commercial company with its own legal personality and liability limited to the amount contributed. The minimum share capital required for its incorporation is 60,000 euros and it is divided into shares. It is one of the most used companies by large-sized businesses. The SA is an ideal company for large business projects, as it offers great flexibility in management and capital raising. Additionally, by being listed on the stock exchange, it can obtain financing through the issuance of shares.
- Limited Liability Company (SRL): It is a commercial company that also has its own legal personality and liability limited to the amount contributed. The minimum share capital required is 3,000 euros, and it is divided into participations. It is one of the most used companies by medium or small-sized businesses. The SRL is one of the most popular companies among small and medium-sized enterprises, as it allows for simple management and limited liability of the partners. Additionally, it offers great flexibility in company management and decision-making.
- New Limited Company (SLNE): It is a variant of the SRL that has a series of advantages in its incorporation and management, such as a lower minimum share capital, simplification in the preparation of the bylaws, and administrative management. The SLNE is an interesting option for those who wish to incorporate a company with a minimum share capital and seek simple and agile management. Additionally, it has tax and administrative benefits in its incorporation and during its first year of operation.
- Cooperative Society (SC): It is a society of individuals who group together to carry out a common economic activity. Liability is limited to the capital contribution, and the distribution of profits is based on the work contributed by each member. Cooperatives are societies that seek the benefit of their members through collaboration and joint work. Each member contributes their work and/or capital and benefits from the results obtained by the cooperative. This type of society is ideal for entrepreneurs seeking a more social and participatory alternative.
- Simple Limited Partnership (SCS): It is a society that has two types of partners: the general partners who manage the company and the limited partners who only contribute capital. The liability of the general partners is unlimited, and that of the limited partners is limited to the amount contributed.
- The Limited Liability Company Express (SL) is one of the legal forms most used by entrepreneurs and small businesses in Spain when creating an online company. One of the fastest and simplest ways to create an online SL company is through the Business Information and Creation Network Center, an electronic system that allows the incorporation of a company electronically.
We will focus more on this type of incorporation of Limited Liability Company Express created through the Business Information and Creation Network Center.
The creation of an online SL EXPRESS company allows saving time and costs compared to traditional incorporation through the traditional system of visiting a notary. Additionally, the incorporation process is simpler and more agile, as we carry it out completely online without the need to visit different organizations and entities.
Once we have all the data of the partners and the company to be created, we access the platform and complete the necessary steps for the incorporation of the company.
Among the advantages of incorporating an SL Express are:
- Time and cost savings: By carrying out the incorporation electronically, the need to travel to different organizations and entities is avoided, as well as the need to hire advisory services, which allows reducing the costs and times of incorporation.
- Greater agility and simplicity: As it is a telematic process, the procedures are simplified, and the complexity of the company incorporation is reduced.
- Speed in obtaining the Tax Identification Code and registration with Social Security: Once the company incorporation is completed, we obtain the Tax Identification Code (CIF) immediately and request registration with Social Security.
- Online advice: Throughout the incorporation process, you can count on the advice of our experts who will inform you about the entire process in real time.
This modality allows saving time and costs, as well as simplifying the procedures and obtaining the Tax Identification Code and registration with Social Security immediately. Additionally, you have online advice from experts at all times.
To create an online limited liability company Express, it is necessary to meet the following requirements:
- Obtain the negative certification of the company name: This procedure is carried out directly by notaria-online.com, and it allows verifying that the chosen name for the company is not being used by another company.
- Draft the bylaws of the company: The bylaws are the document that regulates the operation of the company and establishes the rules governing its activity; this procedure is also carried out by notaria-online.com.
- Contribute the share capital: It is necessary to contribute the share capital established in the bylaws of the company. The contribution can be in cash or in kind; even now, it is no longer required for partners constituting a Limited Liability Company Express to justify the actual prior deposit of the share capital into the company's bank account. From now on, the only requirement for the partners is to state in the incorporation deed that they will be jointly liable to the company and to the company creditors for the reality of the contributions. For creating an online company of this nature, this system will only be valid for cash contributions and not for other types of contributions. With this new modification, the incorporation procedure for limited liability companies Express is greatly streamlined, as it eliminates the need to request bank certificates to prove the reality of the contributions.
- Obtain the Tax Identification Number (NIF) of the company: During the incorporation process, the NIF of the company is obtained from the Tax Agency.
Once these requirements have been met, the process to create an online limited liability company Express is very simple; with the help of notaria-online.com, the process of incorporating a limited liability company Express can be even simpler. Our specialists in commercial law will advise you throughout the process.
In summary, incorporating a company may seem complicated, but with the right help, it can be a simple and efficient process. A notary can provide legal advice and guide entrepreneurs at every stage of the process, ensuring legal security and convenience. At notaria-online.com, moreover, the process of creating an online company is even easier, as it can be done entirely through an online platform, without having to physically visit a notary.