Post by Benjamin on Sept 6, 2011 6:22:27 GMT -6
There is a lot of good information on the Internet about just what you should
get as a corporation... a S.A., or a L.L.C or whatever, but it should suit your
needs and no more. The books are another rip off for the notary's pocket. Just
go to the Hacienda office on Ave 8, Calle 26 (the big brick complex, south side)
and there are lots of folks outside to sell you the books and get them
registered for you at a very competitive price. You need to take the document
that is a certification of what was written in the notary's protocol book
describing the corporation you decided on and of course your own personal ID
documents.... and some money.
After the reform of the law of S.A.'s one person can now be the only stock
holder of 100% of the shares so you don't need to have THE share certificate
until you need it for a transaction... and you can make it yourself, sign it as
the President and also the Secretary if your corporation requires that signature
also.
The President has judicial and non-judicial powers without limit. If your
corporation is for holding assets like your house or car or boat, then it can be
classified as "inactive" as long as you don't have an active checking account
associated with it... the coming annual tax on corporations ($316 active, half
that for inactive) should be taken into consideration. Heads Up... when your
Presidency expires and you have not elected new officials, you can't sign
anything, so... make your election as President for the life of the corporation.
get as a corporation... a S.A., or a L.L.C or whatever, but it should suit your
needs and no more. The books are another rip off for the notary's pocket. Just
go to the Hacienda office on Ave 8, Calle 26 (the big brick complex, south side)
and there are lots of folks outside to sell you the books and get them
registered for you at a very competitive price. You need to take the document
that is a certification of what was written in the notary's protocol book
describing the corporation you decided on and of course your own personal ID
documents.... and some money.
After the reform of the law of S.A.'s one person can now be the only stock
holder of 100% of the shares so you don't need to have THE share certificate
until you need it for a transaction... and you can make it yourself, sign it as
the President and also the Secretary if your corporation requires that signature
also.
The President has judicial and non-judicial powers without limit. If your
corporation is for holding assets like your house or car or boat, then it can be
classified as "inactive" as long as you don't have an active checking account
associated with it... the coming annual tax on corporations ($316 active, half
that for inactive) should be taken into consideration. Heads Up... when your
Presidency expires and you have not elected new officials, you can't sign
anything, so... make your election as President for the life of the corporation.