General partnership formation (compañía en nombre colectivo)
We form your general partnership with the Commercial Registry, from start to finish. We do the drafting, reserve the name and handle the whole process. You just sign.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- Partners who know and fully trust one another and are willing to be jointly and severally liable
- Family businesses or businesses among friends where everyone puts their name and face on the line
- Small businesses looking for a simple, low-maintenance structure
- Those who want to show third parties that the partners are fully committed
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Search and reservation of the business name (razón social) at the Commercial Registry
- Drafting of the articles of incorporation and bylaws, tailored to your business
- Advice on the business name and how the partners' names are included in it
- Drafting of the management and partner liability clauses
- Corrections and adjustments to the document as many times as needed
- Final review with you before filing
- Filing and handling of the company file at the Commercial Registry
- Assistance on signing day
- Follow-up on the company file until delivery
Does not include
- Official Commercial Registry fees and charges (paid separately, based on the declared capital)
- Revenue stamps
- Publication in a commercial gazette or newspaper (we offer it as an add-on) Add it to your procedure ↓
- Stamping of accounting books (add-on service) Add it to your procedure ↓
- Later procedures such as the RIF (Venezuelan tax ID), IVSS (Venezuelan Social Security Institute) or municipal permits (we handle them separately) Add it to your procedure ↓We can handle it separately:IVSS →Municipal permits →
Add to your procedure
Check it and we include it in your quote. You decide at the end.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 8.
- The name or names of the partners that will make up the business name (we check availability)
- Partner details: name, cédula (Venezuelan ID card) or passport, and address (at least two partners)
- How you want to split contributions and profits among yourselves
- Who will manage the company (one or more people)
- The amount of capital you want to declare (we advise you on a sensible minimum)
- A description of the business activity the company will carry out
- The company's tax address
- You don't need your contributions ready: we build the structure for you
How the process works
You do very little. We take care of the rest. The whole process: on average, 12 to 18 business days.
- Step 1
We reserve the name
We check and reserve your business name at the Commercial Registry.
We do this - Step 2
We define the management
We prepare the articles of incorporation and bylaws and set out how the general partners manage the company.
We do this - Step 3
We handle the filing
We submit the company file and follow up until it's approved.
We do this - Step 4
You sign
We go with you to the signing at the registry.
You do this - Result
Done
We hand you your general partnership, formed and ready to operate.
You receive it
From the time we have all the required documents, to draft, record and publish.
What it costs and how to pay
There are two separate payments, and we want you to see them clearly.
Our fee: we do all the work for you.
The official registry fee. It goes straight to the agency, and we give you the exact amount, with its receipt, before you pay anything.
How you pay: 50% when we start and 50% on delivery. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment has two parts, and we want you to see them clearly from the start. What you pay us, our professional fee for handling the process, from $250. That's what it costs for us to do all the work for you.
What goes to the government, the official Commercial Registry fee. That money doesn't stay with us; it goes straight to the Registry. For a company formation, the fee isn't fixed. It starts at a minimum of about $30 for the recording and goes up with the declared capital and the number of pages in the document (around $11 per page). Adding up the name search, recording, copies and stamping of the books, the total official fees usually come to around $300. Why don't we give you a single fixed price? Because a company with two partners and small capital is not the same as one with five partners and large capital. The government fee changes with the capital you declare and the number of pages in your document. Giving you a fixed number would be misleading you. The amounts you see here are a base estimate so you have a realistic idea. Our lawyer gives you the exact calculation — professional fee and official fees — before you pay anything, always with no strings attached.
FAQ
What happens if we operate together without a document?
You're still liable with everything you own, but with no written rules on who manages or how profits are split. This structure at least puts the commitment clearly in writing.
Does the price include the registry costs?
No. The professional fee from $250 covers the handling; the registry fee is paid separately, based on the declared capital.
How is it different from a compañía anónima (Venezuelan corporation)?
In a general partnership, the partners are jointly and severally liable, without limit, with their own assets; in a C.A., shareholders are only liable up to the amount of their shares.
What does joint and several, unlimited liability mean?
It means that if the company has debts, creditors can go after the partners' personal assets. That's why it takes a lot of trust among you.
How is the business name formed?
With the partners' names, as you decide; we advise you on how to put it together.
About this procedure
The general partnership is a company built around its people: it's formed by partners who know and fully trust one another, because all of them are jointly and severally liable, without limit, for the company's debts. In other words, each partner answers with their own personal assets, not just with what they contributed. That's why the business name (razón social) carries the name of one or more partners, followed by 'y Compañía' (and Company).
It's a structure designed for family businesses or for very close friends, where everyone puts their face and their name on the line. In exchange for that shared liability, it's a simple structure, with no comisario (statutory auditor) requirement, and it shows third parties that its partners are fully committed.
We take care of everything: we reserve the name, draft the articles of incorporation and bylaws, define how the partners are liable and how they manage the company, submit the company file to the Commercial Registry and stay with you on signing day. If you're not sure this structure suits you best, let's talk: we'll advise you, no strings attached.
Legal framework and important notes
Código de Comercio (Commercial Code), articles 201, 202 and 227 to 231 · Ley de Registros y Notarías (Registries and Notaries Law), article 85
- The estimated time may vary depending on the Commercial Registry's availability
- The business name must be reserved before the procedure starts
- The final amount of official fees depends on the declared capital
- In this structure, the partners are jointly and severally liable, without limit, with their personal assets
- Make sure you form it only with partners you fully trust
- If you'd rather limit your liability to the amount of your contribution, let's talk. An S.R.L. (Venezuelan limited liability company) or a compañía anónima may suit you better
- If you want to handle your whole startup at once, the Set up your company route in our Solutions section brings these steps together in a single solution, at a package price
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
Is your case different?Ask us, message us on WhatsApp or book a free consultation. A real person answers you.
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