The partner registration book is a key document for companies, since it records the identity of the owners of the share capital. This book plays a fundamental role in solving problems related to the ownership of the participations.
What is a partner registration book?
The partner registration book is the document that includes all the ups and downs of partners, as well as your contributions to business heritage. Consequently, details:
- The data of the founding partners.
- Transmissions of Participations and Actions.
- The holders of each action/participation and their homes.
Depending on the type of commercial company, This document can have different names:
- Partners Registration Book: LIMITED LIABILITY COMPANIES, Limited labor and reciprocal guarantee.
- Company or contract registration book: Unipersonal Limited Liability Companies.
- Actions Registration Book: Corporations, jobs and commanders for nominative actions.
Regardless of the name, The guidelines for its elaboration are the same.
What is the partner registration book for?
The book registration book legitimizes the registered partners to participate in the usual actions of the company, Like meetings.
It is important to highlight that it includes not documented in paper and those incorporated into titles.
What mandatory data should include?
So that the book registration book fulfills its purpose, must include the following mandatory data:
- The ownership of all participations, With name, Surname, domicile and NIF of the partner.
- The number of participations of each partner, Together with the title and acquisition date.
- The numbering of the participations or shares.
- The public deed of property.
- Disposations or sales of shares.
How long should the partner registration book be saved?
The regulations establish that the partners' registration book, Like all business documentation, It must be maintained during 6 years in perfect condition.
Maintaining the duly updated and complete partners' registration book is essential to ensure that all society participants are legitimized for any business action. In Vázquez and Manchón, We have a team of experts that will assist you in each step of the process, ensuring that all records are made in accordance with current regulations.
