Société en Nom Collectif (SNC)

The Société en Nom Collectif is a partnership of at least two partners whose names appear in the company trading name.

It is governed by articles 27 and following of the Commercial Code (Code de Commerce).

The articles of association may be drawn up as a private deed or as a notarized deed.

There is no minimum share capital requirement.

The activity engaged in must be commercial in nature.

Partners are jointly and severally liable for all the company’s commitments.