An aggregation that favours young professionals
Professional labour is the essence of the company and is designed precisely to unite minds rather than capital
The draft proxy law for the reform of the system of chartered accountants and accounting experts, approved by the Council of Ministers on 11 September 2025, providing, among other things, the guiding principles for the Government for an organic discipline on the practice of the profession both in associated and corporate form (Art. 2, para. 1, letter b), offers the cue to start a discussion of ideas on this delicate subject at the Conference, organised by ACBGroup, on "Aggregation between professional firms and corporate reorganisation operations" to be held in Palermo on 10 October.
In the intellectual professions, the distinguishing feature with respect to businesses is the prevalence of the intellectual work of the professional with respect to the organisation of the productive factors, given by the capital invested in the activity and the work of others, in whatever capacity provided. Unlike businesses, in the professions, capital is in any case an accessory element with respect to the intellectual work of the professional, which is the irreplaceable factor, while the work of others, although organised, is exclusively an accessory element to the intellectual performance of the professional. In our legal system, the company is the legal form of collective enterprise and the enterprise presupposes the productive factors: capital and work. The types of companies are a limited number. A new type of company has therefore been thought of that is based on intellectual work and protects it in all its forms and applications, implementing the constitutional precept of Article 7 of the Constitution.
An innovative model of professional society in this sense is the 'Società di Lavoro Professionale', SLP, already presented by the National Council in 2011 and still relevant today, which had found the consensus of the other professions represented in the CUP, stemming from a project of the National Union of Young Certified Public Accountants.
The PTS, which aims to distinguish itself from corporate companies, is based on the following principles:
1. the company is founded on intellectual work, which is indispensable for its incorporation and operation; the intellectual work of the professional partners represents the organisational element of the company and, due to its legal nature, which derives from Article 33(5) of the Italian Constitution by means of which the professional is distinguished from the self-employed, it is defined as 'professional' work or 'professional' work;
