It is important to be aware that the construction
Posted: Thu Jan 23, 2025 6:25 am
The launch of “Legal Structuring of Companies ” by Editora Atlas sheds light on this art and technique that we so desperately need for the vigorous and safe development of business activities in Brazil. Creating the normative design of a corporation is an art of good law. And, more than that, it is a valuable investment for those who venture into business activities. And it is not a new legal technology (although there are always new developments), it should be noted. For decades, good legal work has produced results worthy of applause.
In the late 1970s, when creating the articles of association of a bulk sms australia civil society (in accordance with the legislation in force at the time), a medical clinic that would bring together 15 health professionals, an old lawyer from the countryside, one of those with little conversation and a lot of education, included a clause that provided for something strange: the share capital was divided into 15 shares of equal value. Each partner corresponded to one share and the contract was clear in defining them as being indivisible in relation to the company.
More than that, the first paragraph clarified that changing this provision of indivisibility would require approval by all partners. The second paragraph provided that the establishment of a condominium for shares resulting from hereditary succession would be regular, and the representative of the condominium should be appointed. The hereditary transfer of shares was assured. The transfer by sale or donation would only be possible with the approval of all the other partners, recognizing the right of withdrawal with payment of the amount determined for the assets in 24 equal installments, monetarily corrected. However, this right (of withdrawal) would only be acquired after the fifth fiscal year. Until then, all partners committed to maintaining the capital invested in the company.
In the late 1970s, when creating the articles of association of a bulk sms australia civil society (in accordance with the legislation in force at the time), a medical clinic that would bring together 15 health professionals, an old lawyer from the countryside, one of those with little conversation and a lot of education, included a clause that provided for something strange: the share capital was divided into 15 shares of equal value. Each partner corresponded to one share and the contract was clear in defining them as being indivisible in relation to the company.
More than that, the first paragraph clarified that changing this provision of indivisibility would require approval by all partners. The second paragraph provided that the establishment of a condominium for shares resulting from hereditary succession would be regular, and the representative of the condominium should be appointed. The hereditary transfer of shares was assured. The transfer by sale or donation would only be possible with the approval of all the other partners, recognizing the right of withdrawal with payment of the amount determined for the assets in 24 equal installments, monetarily corrected. However, this right (of withdrawal) would only be acquired after the fifth fiscal year. Until then, all partners committed to maintaining the capital invested in the company.