Criteria for classifying companies in Latin America
Posted: Tue Jan 07, 2025 5:30 am
There are different criteria for classifying companies . Some of the ones we can find in Latin American countries are:
Economic activity
It refers to the economic sector to which the activity carried out in the company belongs:
Primary: they are responsible for carrying out activities related to raw materials and their extraction, for example, agriculture and forest exploitation.
Secondary: They are generally responsible for transforming raw materials and goods into services that can reach the customer directly.
Tertiary: they are responsible for the trade of cameroon phone data goods and the provision of services. For example, the entire tourism sector, transport and trade.
Legal constitution
This classification may be different in each country, as they are governed according to their tax laws. Below we present the types of companies that exist under the classification of legal constitution in Argentina, Colombia, Chile and Mexico.
Argentina
Public limited company or SA
Limited Liability Company or LLC
Simple Limited Partnership or SCS
Collective Society or SC
Temporary Union or UT
Subsidiary of a foreign entity
Colombia
Natural person merchant
Sole proprietorship
Simplified Joint Stock Companies or SAS
Collective Society or SC
Public limited company or SA
Limited Liability Company or Ltda.
Simple Limited Partnership
Limited Partnership by Shares or SCA
Associative Work Company
Chili
Public limited company or SA
Limited Liability Company or LLC
Joint Stock Company or SPA
Individual Company of Limited Liability or EIRL
Mexico
General Partnership
Simple Limited Partnership
Limited Liability Company
Joint stock company
Limited Partnership by Shares
Cooperative Society
Simplified Joint Stock Company
Geographical scope
It refers to the reach that a company can have in the world.
Local companies: are those that serve a predetermined location, usually the place where the company was born.
Regional companies: are responsible for supplying the high demand for a product or service in specific regions or provinces of the country.
National companies: are businesses that have a presence throughout the Colombian territory.
International or multinational companies: they are responsible for offering their products and services in different parts of the world, but the center of operations is only in the country of origin.
Transnational companies : These not only sell in different countries, they also have multiple operations centers.
Economic activity
It refers to the economic sector to which the activity carried out in the company belongs:
Primary: they are responsible for carrying out activities related to raw materials and their extraction, for example, agriculture and forest exploitation.
Secondary: They are generally responsible for transforming raw materials and goods into services that can reach the customer directly.
Tertiary: they are responsible for the trade of cameroon phone data goods and the provision of services. For example, the entire tourism sector, transport and trade.
Legal constitution
This classification may be different in each country, as they are governed according to their tax laws. Below we present the types of companies that exist under the classification of legal constitution in Argentina, Colombia, Chile and Mexico.
Argentina
Public limited company or SA
Limited Liability Company or LLC
Simple Limited Partnership or SCS
Collective Society or SC
Temporary Union or UT
Subsidiary of a foreign entity
Colombia
Natural person merchant
Sole proprietorship
Simplified Joint Stock Companies or SAS
Collective Society or SC
Public limited company or SA
Limited Liability Company or Ltda.
Simple Limited Partnership
Limited Partnership by Shares or SCA
Associative Work Company
Chili
Public limited company or SA
Limited Liability Company or LLC
Joint Stock Company or SPA
Individual Company of Limited Liability or EIRL
Mexico
General Partnership
Simple Limited Partnership
Limited Liability Company
Joint stock company
Limited Partnership by Shares
Cooperative Society
Simplified Joint Stock Company
Geographical scope
It refers to the reach that a company can have in the world.
Local companies: are those that serve a predetermined location, usually the place where the company was born.
Regional companies: are responsible for supplying the high demand for a product or service in specific regions or provinces of the country.
National companies: are businesses that have a presence throughout the Colombian territory.
International or multinational companies: they are responsible for offering their products and services in different parts of the world, but the center of operations is only in the country of origin.
Transnational companies : These not only sell in different countries, they also have multiple operations centers.