When someone decides to start a business project together with other partners, they ask themselves which form of administration will be the most suitable for their company.

An administrator does not necessarily have to be a member of the company but can be a person outside of it. It is a fundamental figure, as it will be the person in charge of the daily decision making, direction and management of the company.

The administration body exercises the management and representation of the company with respect to all actions aimed at achieving, directly or indirectly, the corporate purpose and can be structured in the following ways:

  • A sole administrator, who will exercise the management and representation of the company.
  • Two or more several administrators, who may act individually on behalf of the company and carry out any decision without the need to have the opinion of the other administrators.
  • Two or more joint administrators, who must act jointly in agreement to carry out any business action. If there are more than two, a joint administration by majority can be set, and decisions will be taken by the majority determined.
  • A Board of Directors made up of a minimum of three members and with a maximum of twelve members, who will exercise the company’s representation jointly, and act through agreements subject to the requirements of a call quorum and vote.

There is no perfect modality to suits all companies. The election of one or another form of administration should be assessed in each case according to the needs of the company.

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