Tourism Business Administration

Home » Reference and Education » College University » Tourism Business Administration

* What is a company

* Types of companies

* Articles of the Commercial Code

* Tourism Organization Act

* Public companies

* Private companies

* Differences between public and private companies


It is an economic entity that coordinates their efforts to achieve a specific purpose, this body performs several operations depending on their nature, these operations can be financial, production, service and it requires its main asset is the “Human Resource” .

Companies can be non-profit but the majority pursue an economic purpose, ie profitability.

You can also say that: It is an organization created by man, where through the management of financial resources (capital), material, human and the work itself, the production of goods and services aimed at meeting the needs of a community or consumer in exchange for a fee or payment.


Businesses are classified as:

* 1. Post

* 2. Private


Section I. – General Provisions

Art 200. Companies or trading companies are those that aim to one or more acts of trade.

Notwithstanding the provisions of special laws, and economic societies will always have limited commercial character, whatever its purpose, except when exclusively engaged in farming and livestock.

Commercial companies are governed by agreements of the parties, by provisions of this Code and the Civil Code.

Sole Paragraph. The state, through the competent administrative bodies, to monitor compliance with the legal requirements for the establishment and operation of joint stock companies and limited liability company is.

Article 201. Trading companies are the following species:

* 1. The company is a collective name, which social obligations are guaranteed by the unlimited and joint liability of all partners.

* 2. The company is a partnership, which social obligations are guaranteed by the unlimited and joint liability of one or more partners, called solidarity or comanditantes partners and limited liability to a specified amount of one or more partners, called limited partners. The capital of the limited partners can be divided into shares.

* 3. The joint stock company, in which social obligations are guaranteed by a given capital and in which the partners are not required if the amount of action.

* 4. The limited liability company in which social obligations are guaranteed by or given capital divided into shares of participation, which may not be represented in any stock or marketable securities

* 5. There are also accidental society participation accounts that do not have legal personality.

Article 202. The joint stock company and limited liability company must turn in a name, which may refer to the object or formed by any fancy name or person, but added the words drink necessarily limited liability company, written with all susras or as is usually short, readable and easily.

Article 203. E company’s domicile is in place that determines the contract consisting of society and in the absence of such designation, the link of your principal.


National tourism system

Article 31. Up the national tourism system:

* 1. The legal persons engaged in the country, tourist activities such as transportation, housing, recreation, food and land transport vehicles, and any other services for tourists.

* 2. The legal persons engaged in organizing, promoting and marketing the services referred to in the preceding paragraph, by itself or third parties.

* 3. The legal persons engaged in providing information services promotion, publicity and advertising, administration, protection, relief, health and safety of tourists, without permission in the provisions of other laws.

* 4. The tourism professionals and legal persons engaged in tourism services, as established by the regulations.

* 5. The legal persons in the country providing training facilities and training in tourism.

* 6. The legal persons who provide catering services, bars and the like that offer features, quality and service forms part of the local tourism, regional or national level.

Section 32. – The obligations of the members of the National Tourist system, the following:

* 1. Register with National Tourism Registry run by the Tourism Corporation of Venezuela.

* 2. Contribute to the institutional promotion of tourism.

* 3. Providing the service or services for which they have been approved, in full accordance with the terms offered quality and efficiency.

* 4. Setting the standards of advertising and promotion of tourism, to reality, without harming the national dignity and alter or distort the language and the statements of the historical, cultural and folklore of the country.

* 5. Ensure environmental conservation, and enforcing compliance with all regulations concerning environmental protection.

* 6. Give preference to hiring professional staff to the graduates of institutes and specialized centers in the area of tourism.

* 7. To fulfill any other obligations established by this Act and its regulations.


Public companies: These companies created by the government to provide public services. Are those entities that belong to the state, with legal personality, property and legal system of their own. Are created by executive decree, to carry out commercial, industrial and other activities under its name and legal form.

In the literature on public enterprise there is a wide variety of definitions and meanings of it. Generally tend to indicate, first, partial or total ownership of capital by the state, secondly, that this participation is based on a specific purpose.


* Public companies are created with one belonging to the state capital, in order to satisfy a social need, which may or may not have economic benefits.

* Public enterprises constitute the majority of the public sector of the economy, and are one of the principal means used by the state to intervene in the economy.

* Public companies have a very outstanding economic significance, not only in quantitative terms (for its turnover, its share in gross domestic product, GDP, number of employees, etc), but also because they are located in key productive sectors .


Enterprises: These are companies where the capital is contributed by individuals who take risks and are motivated by the desire to earn profits through the satisfaction of any need for general or social.


* The capital of private companies owned by private investors, who seek to gain an economic benefit by satisfying a need.

* Private companies carry out their economic activity in the private sector (which differs from the public sector)

* Private companies assume all risks inherent in economic activity.


* Public enterprises in the public sector (central or local government) and private companies owned by private individuals and may sell their shares. Public companies often sell part of its shares to individuals, but are considered public provided 51% of the shares are held by the public sector.

* Unlike private enterprise, public enterprise does not seek to maximize their profits, sales or market share, but seeking the interest of the community to which it belongs.

* The decision-making process of public enterprises differ from those belonging to the private sector about the power of the state initiative, which is exercised by setting goals and monitoring their activity.

* The distinction between public and private enterprise is not absolute. On the one hand, there are joint ventures, whose capital is partly public and partly private. Likewise, a private company can become a public company if the government decides to nationalize. Similarly, a public company can pass to the private sector after privatization.

It is indeed different evaluation of public enterprises with respect to private

Much of the controversy over public enterprises has been developed through comparisons with the private, focusing primarily on the concept of profitability, measured utility function.

The prevailing position among the supporters of public enterprises is that, unlike private schools, not optimizing their financial results




Rosales, Ana Mary

Mari Carmen Herrera