Consortium

A consortium is an association of two or more individuals, companies, organisations or governments with an objective of participating in a common activity or pooling their resources for achieving a common goal

Advantages

  • You can share your decisions on business activities with other partners;
  • With these forms, you can manage medium- and large-sized companies;
  • Your liability and that of your partners is limited to the value of the company’s share capital;
  • The economic and financial management can be controlled more easily;
  • Cooperatives enjoy lower tax rates.

Disadvantages:

  • They are expensive types of companies;
  • Decisions must be made following special procedures;
  • They are required to draw up and submit a yearly balance sheet;
  • They must be managed using an ordinary accounting method;
  • They are incorporated means of a written charter drawn up a notary public.



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