The idea is that several persons work together.
By working together, they will make a company.
The profit will be shared. A lost will be limited to the investment.
Thoses are the basic ideas about the establishment of a company.
The establishment of a company will probably be registered by the government.
The company articles contain the agreement and rules between the shareholders or partners.
In continental Europe the Notary Public will be responsible for the establischment of companies with limited liablilty.
You can find out more about this matter on the international law forum in the following countries: