If your choice falls on a limited partnership with share capital, you and your associates will have the opportunity to decide who among you wishes to take care of corporate management and who wishes to be a partner without assuming the risks and liabilities of business decisions.
In a limited partnership with share capital, partners are divided into limited partners and unlimited partners: this means that only the unlimited partners can make decisions concerning the company’s activities.
Furthermore, all unlimited members have unlimited joint and several liability while the limited partners participate only economically by providing the company with funds.
E.g.: a limited partnership with share capital includes two partners: Verde and Rosso. Verde has a 60,000 euro share and is an unlimited partner; Rosso has a 60,000 euro share and is a limited partner. If the company has debts amounting to 100,000 euros, Rosso may be required to pay the debt only up to 60,000 euros.
Just like the joint-stock company, to set up this kind of partnership a written company charter must be prepared and an initial share capital of 120,000 euros, divided into shares, must be paid up.
For further information on limited companies with share capital, please refer to the link www.altalex.com/index.php?idnot=37057 which includes Articles 2452 and those following of the Italian Civil Code.