A general partnership (sociedad civil (S.C.)) is a contract by means of which two or more people are bound to share money, goods, or industry in order to distribute earnings amongst themselves.
A general partnership’s main characteristics are:
The kinds of general partnership are:
Universal general partnership of present goods: this is a partnership by means of which all partners share the goods that currently belong to them in order to distribute them amongst themselves, as well as all earnings that they make with them.-
Universal general partnership of all earnings: this includes all earnings made by partners through their industry or work as long as the company lasts
Their purpose is only for certain things, their use, or their fruits, or an indicated company, or to practise a profession or art
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