Importance of statutes
The bylaws are essential to ensure the proper functioning of the company and to establish the rules that shareholders and directors must follow. It is important to review them carefully to understand the obligations and rights that arise from them.
Exploring the content of a company's bylaws is essential to understanding its internal structure and making informed decisions about its operation.
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Learn about the legal regulations that govern a limited company
A limited company (SL) is a legal form of company fresh dataset in which the share capital is divided into shares, and the liability of the shareholders is limited to the capital contributed. In order to form a SL, it is necessary to comply with a series of legal regulations that govern its operation.
Legal regulations of a limited company:
Articles of incorporation: This is the document that contains the company's bylaws, corporate name, corporate purpose, registered office, share capital, etc.
Registration in the Commercial Registry: The limited company must be registered in the Commercial Registry to acquire legal personality and begin to legally carry out its activity.
Minimum share capital: The SL must have a minimum share capital, which in Spain is 3,000 euros.
Organs of the company: The SL must have an administrative body, which may be a sole administrator or a board of directors.
Accounting books: The limited company is required to keep orderly accounting records and retain accounting books for at least six years.