FOUNDATION AND LIQUIDATION

COLLECTIVE AND LIMITED PARTNERSHIP

The collective partnership consists of at least two individuals who are following an economic goal. The partnership agreement can be established informally. However, a written agreement is advisable. The registration with the Commercial Registry is mandatory, but no requirement for its foundation.
The collective and limited partnerships are no legal entity, but can sue and be sued.
 
The partners of the collective partnership are equally liable. There is no tax return for the collective or limited partnership in Switzerland. The profit and capital is declared on the private tax return of the partners.
 
The limited partnership is different from the collective partnership in that one or more partners have financially participated, however they do not work in the partnership, are not authorised to sign and do not manage the partnership.