Cooperative company

Details

Legal Personality

Yes

Assets/Share Capital

Sufficient funds for the company’s projected activities

Duration

Illimited except otherwise provided

Deed

Notarial act

Seed Funding

Contribution in cash and in kind

Minimum number of shareholders

Financial Plan

YES

Types

Registered shares
Registered bonds (but possibility to have dematerialized bonds)

Voting Rights

Minimum 3 shares with voting right- One share = one vote, except where otherwise decided

Transfers

Free between shareholders
Limited for third parties

Shareholders

Proportionnate to the contribution

Directors

Joint liability of founding members

Board

One or more directors
Collegiate or not
Daily managers

Representation

Collegial or individual or flexible
Daily managers