It is a group of people who decide to share their property or rights, in order to constitute a joint estate and thus perform an economic activity. The union that is formed can be created by a private contract or not.

Some of the features that have are:

• There is no legal relationship among members
• The minimum number of community members is two, but there is no maximum number.
• No minimum capital required.
• Unlimited and personal liability of the members.
• These entities are taxed on their income allocation, which means that they are subject to income tax and the VAT.

Among the advantages of this legal form:

• Easy to formalize.
• No minimum capital is required.
• Greater ease in getting loans.

The disadvantages:

• The responsibility of the partners.
• High tax rate on personal income tax.
• The benefit is distributed according to the agreed fee.