On April 12, 2017 it has been published in the Official Gazette, the Law of Support to Entrepreneurial Capital (Law No. 27,349). This Act incorporates into its forecasts, the creation of a new type of corporation called “simplified corporations” (SAS). This figure is not an original creation of our legislators, but rather a reception...
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Little pearls in the Entrepreneurs Law and Simplified Corporations. Mariana Berger While we are still waiting for the regulation of the “Entrepreneurs Law” (Law No. 27,349) and in particular the regulations to put in force the new type of corporation created by the Act (Simplified Corporations or S. A. S.), we dare to highlight some aspects of the law that have...
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Simplified Limited Liability Companies (“SRL”). It has been published in the Official Gazette, General Resolution No. 5/2017 of the Office of Corporations (IGJ), which establishes a simplified registration process for Limited Liability Companies. This simplified method, effective as of tomorrow (July 12, 2017), will comprise the following aspects: 1. Registration...
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On April 12, 2017 has been published in the Official Gazette, the Law on Support for Venture Capital (Law No. 27,349). This Act incorporates into its forecasts, the creation of a new type of corporation called “simplified joint stock companies” (SAS). This figure is not an original creation of our legislators, but rather...
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Directors and managers of a company have the following duties and obligations, which may generate its eventual responsibility for incumpliment. They primarily are based on the principle and “duty to act loyally and as a good businessman” Prohibition to contract with society: The General Corporation Law provides in Art. 271 that...
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Corporations will be directed by a board or a board of directors, according to stated in its statute. If the capital of the company exceeds the sum of $ 10,000,000, the same will be subject to permanent state supervision, and as such, is required to appoint at least three directors....
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As holder of shares of a corporation, the shareholder as such, has a set of responsibilities, rights and obligations. This state manifests itself according to the position assumed by the shareholder in its relations with society, which are given according to the quality and quantity of shares held. The shareholder...
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Any company incorporated abroad, which wishes to act as such in our country, has two possibilities at its disposal: 1) Participation as a shareholder in local societies. For that purpose, it must register as such in the Public Registry of Commerce corresponding to the address in which it is to carry out its...
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Private Limited Company (“PLC”, “Sociedad Anónima” or “S.A.”) Sole Shareholder company (“SAU”) Limited Liability Company (LLC, “Sociedad de Responsabilidad Limitada”or “ SRL”) Partners and Shareholders There is no maximum limit for the number of shareholders. However, the S.A. must have at least two shareholders. The Sole Shareholders Company can...
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Partnership (SC) The collective society is the simplest of commercial societies. It is the main of so-called people societies, since the figure of the partner is fundamental because of the responsibility they assume. What characterizes this society is the responsibility assumed by the partners in relation to the obligations contracted by...
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