Friday, October 12, 2007

Using Space Heater Circuit Breaker

Company differences between SA and SRL Limited Liability Company Commercial Law
















How do you divide the capital?

SA
actions SRL. Social Contributions

How many members can be?

SA 2 or more. No maximum limit. SRL
At least 2 and no more than 50.

What is liability each of the partners?

SA Limited to the integration of subscribed shares
SRL Limited to the integration of subscribing or purchasing shares.

What can bring my company name?

SA or fancy name may include the name of one or more persons físicas.Debe include "Incorporated", the abbreviation or acronym SA. SRL
must include the name of one or more partners and must contain the phrase "Limited Liability Company", the abbreviation or acronym SRL.

When did I agree to make contributions?

SA Strongly when establishing the contract. The capital may not be less than $ 12,000 .- Fully
SRL at the time of establishing the contract.

When should I start making cash contributions?

SA should be integrated at least 25% of the contributions pledged by statute, by deposit in a bank official and completed within 2 years. SRL
must integrate at least 25% of the contributions pledged by statute, by deposit in a bank official and completed within 2 years.

"I can make contributions in kind? When I enter them into society?

SA can make contributions in kind and must be fully integrated at the time of the constitution, which justifies an inventory signed by a public accountant or lawyer who practices the syndicate and signing of the founding partners. SRL
can make contributions in kind and must be fully integrated at the time of the constitution, stating in the contract of association history that justify the valuation. Do

partners ensure their contributions?

SA Members must integrate all the contributions within 2 years of committed, produced its arrears automatically suspend the exercise of all social rights inherent in their actions. The statute may also provide penalties for the delay. SRL
partners jointly and unlimited guarantee to third parties for any lack of integration or overvaluation of the contributions. Third parties may enforce this guarantee in the event of insolvency or bankruptcy of the Company.










"I can freely transfer my shares in the company?

SA The transfer of shares is free. The bylaws may limit the transferability of shares but not ban it.
SRL shares are freely transferable, unless otherwise stated in the contract, who can limit but not ban it.

"I can raise the capital specified in the contract establishing later?

SA The bylaws may consider increasing its capital to five times, in which case the increases will be decided by the Shareholders. For amounts above the statute should be amended after Directorio.En compliance for companies making public offering of its shares, the assembly may increase its capital without any limit, without amending the statute.
SRL increases will be decided by the Act, which must protocolized public deed for registration of the increase in the comptroller Agency (General Inspectorate of Justice)

Who should pursue the direction and management of the company?

SA The DIRECTORY - Composed of one or more directors appointed by the shareholders. The representation corresponds to PRESIDENT DIRECTORY.
The MANAGEMENT SRL - Formed by one or more managers, partners or not.



Do I need a body controller, receiver and Commission Fizcalizadora?

SA is optional, except for those companies that are within the art. 299 of the Companies Act, which are required to have a private monitoring body.
SRL. It is optional, except for those companies whose capital amount reaches $ 2,100,000 .-

What responsibility do the trustees of the Society?

SA. Are jointly and severally liable for breach of their obligations under the law, the status and reglamento.También are jointly and severally liable with the directors for the acts or omissions of these, when the damage would not have occurred if he had acted in accordance with the duties of his office.
SRL. Are jointly and severally liable for breach of their obligations under the law, the status and reglamento.También are jointly responsible with management for the acts or omissions of these, when the damage would not have occurred if he had acted in accordance with the duties of his office.

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