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Rodica-Nicoleta DOMINTE: Considerations regarding the particular partenership

Abstract:  One of the oldest forms of association is the particular partnership, since studies show that it is the very first configuration of limited commercial partnership. It was legislated on the Commercial Code of France for the first time in 1807. The juridical literature presents the various essential features of the particular partnership. Firstly, the secrecy of the association is an important criterion that differentiates the particular partnership from other forms of companies. Also, the particular partnership is not a legal entity, for it doesn’t have a capital of its own and it is not listed in the Companies Register. The article presents considerations concerning the commercial particular partnership. It points out a few issues referring to the qualification as a company or association of  particular partnership, the unlimited or limited liability of the sleeping partners, the transfer of shares and the nationality of the particular partnership.  As a conclusion, the particular partnership is one of the simplest forms of association.

Keywords: particular partenership, secrecy, not a legal entity.

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