Simplified Stock Corporations

Simplified Stock Corporations (in Spanish: “Sociedades por Acciones Simplificadas”) may have one of the following organizational structures:

1. A General Meeting and a Legal Representative (in Spanish: “Representante Legal”).
2. A General Meeting, a Legal Representative and a Board of Directors (in Spanish: “Junta Directiva”).

Stock Corporations

Stock Corporations (in Spanish “Sociedades Anónimas”) must have the following organizational structure:

1. A General Meeting, a Board of Directors, a Legal Representative and a Statutory Auditor (In Spanish: “Revisor Fiscal”).

Limited Liability Companies

Limited Liability Companies (in Spanish “Sociedades de Responsabilidad Limitada”) may have one of the following organizational structures:

1. A General Meeting only (where each of the Partners may act as Legal Representative).
2. A General Meeting and a Legal Representative.
3. A General Meeting, a Legal Representative and a Board of Directors.

Please see, respectively, “General Meeting”, “Board of Directors” and “Legal Representative” in the left side menu for a more in-depth description of each structure, including how to change the respective board members.