Name of the capital-and-industry partnership (art. 142 LGS)
Article 142 governs the name and bars the service partner from appearing in the firm name.
What article 142
Article 142 governs the name and bars the service partner from appearing in the firm name.
The company name shall include the words “sociedad de capital e industria” or their abbreviation. If operating under a firm name, the service partner’s name may not appear in it. A breach makes the signatory jointly and severally liable with the company for obligations so incurred.
Source: Law 19,550, art. 142 — InfoLEG (updated official text)
Commentary
Excluding the service partner’s name prevents third parties from being misled into believing that person bears the same personal liability as a capital partner.
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