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Company object
Company object
It must be correctly worded in Portuguese and must specify the business that the company will perform in sufficiently accurate terms.
Legislation does not allow a company to define its object using vague or general statements that do not provide sufficient clarification of the business.
For example: any commercial or industrial activity permitted by law.
Some reasons for clearly defining the company´s object:
1. Specifies the company´s capabilities;
2. Obligates the managers to act within the object´s boundaries;
3. Binds the company before third parties;
4. Prohibits managers from competiting with the company in any field encompassed by the object.
Examples of valid company objects
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Companies
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Company object
