1. General Partnership Enterprise (NC): A company making commercial or civil activities under a unified social reason, in which the partners respond to debts that could not be covered by the capital. It is a type of society in which one partner does not provide capital, only work and is named an industrial partner.
2. Simple Limited Partnerships (CS): Type of partnership characterized by the coexistence of general partners who have unlimited liability for the debts and participate in the management of the company, and limited partners not involved in the management and whose liability is limited to capital or committed to the partnership.
3. Companies Limited by Shares (CA): Are those composed of one or more general partners who have the quality of merchants and respond indefinitely and jointly for the company debts, and limited partners, who will have the quality of shareholders and will only support losses according to the proportion of their contributions.
4. Limited Liability Companies (SRL): Refers to a type of corporation in which liability is limited to the capital, and therefore, in the case debts are contracted, the personal assets of the partners are not at risk.
5. Public Limited Companies (S.A.): Corporation whose owners are under a participation in the share of capital through securities or shares. There are corporations with either open or close equity capital.
6. Simplified Public Limited Companies (S.A.S.): Corporations formed by two or more partners whose liability for losses of the society is limited to their contributions. Its corporate name must contain the words “Sociedad Anonima Simplificada” or “S.A.S.”. The minimum amount of authorized capital required by the Companies Law is DR$ 3,000,000.00, of which ten percent (10%) must be subscribed and paid. This minimum amount may be raised by regulation by the Ministry of Industry and Trade if the index of consumer has varied by more than fifty percent (50%) on the last review performed.
The Companies Act also regulates the Individual Company of Limited Liability (E.I.R.L.), which has its origin in the Dominican Republic with the enactment of Law 479-08 on December 11, 2008.
The purpose of creating this legal concept is twofold: To promote the development of new business initiatives of small entrepreneurs. End the old national practice of “shell companies” which was a form of company in which one partner had 94% and the other partners, only 1%.