What is a merging of partnerships?
A merger takes places when one or more partnerships dissolve without being liquidated in order to be absorbed by another partnership or for creating a new one. The opposite term is known as a division.
- National ID cards of all legal representatives involved.
- All existing certificates of the chamber of commerce and legal representation.
- Transcript of the meeting where the merger was established.
- Balances and mergers.
Frequently Asked Questions
When does a merger take place?
As soon as several small companies unite in order to compete against a big company of the same sector, a merger is born.
What types of partnership mergers exist?
One type is known as an absorption, which is when a company takes over another company’s assets, liabilities, rights and obligations in order to incorporate them as their own. The other type is known as a transfusion, which is when 2 companies merge in order to become a new one.