A company is an economic organization that combines different production factors (land, labor, capital, technology) to create goods or services intended for the market, with the aim of obtaining profit.

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Companies can have different legal forms depending on their size, activity, and number of partners:

Types of companies

By legal form:

• Sole proprietorship: Business owned and operated by a single person (self-employed)
• Limited Liability Company (S.L.): Company with limited liability and minimum capital of €3,006
• Public Limited Company (S.A.): Company with shares and minimum capital of €60,101
• Cooperative: Company owned and operated by its members

By size:

• Micro-enterprise: Up to 10 employees
• Small enterprise: 10-50 employees
• Medium enterprise: 50-250 employees
• Large enterprise: More than 250 employees

By activity sector:

• Primary sector: Agriculture, livestock, fishing, mining
• Secondary sector: Industry, manufacturing, construction
• Tertiary sector: Services, commerce, tourism

Company obligations

All companies have fiscal and legal obligations:

• Tax registration: Obtain NIF/CIF and register with Tax Agency
• Accounting books: Maintain proper accounting records
• Tax declarations: Submit periodic tax forms (VAT, Corporate Tax, etc.)
• Social Security: Register workers and pay contributions
• Annual accounts: File annual financial statements

Company lifecycle

1. Constitution: Legal formation and registration
2. Start of activity: Business operations begin
3. Growth: Expansion and development
4. Maturity: Stable operations
5. Dissolution: End of business activity (if applicable)

We hope this information is very useful to you.