Regardless of the types of businesses you can set up in Chile and their main characteristics, all businesses must take legal responsibility. Any company, foreign or private, wishing to start operations in Chile must have at least one legal representative registered with the Internal Revenue Service. In practice, it is also©customary for general or special powers of attorney to be granted to partners or persons outside ± company in the articles of association of a commercial company. In summary, one of the fundamental decisions when appointing a legal representative is what percentage of confidence shareholders want to grant and what restrictions they want to impose, whether in terms of purpose or amount, to eliminate the so-called bankruptcy power in Spain. The directors shall allow shareholders or their representatives to exercise the right of scrutiny during the fifteen days preceding the meeting. The natural entrepreneur is everything and everyone at the beginning of the business. He is the sole shareholder, he is the legal representative, even the accountant (or at least he intends to do so). In these situations, there is no risk of fraud as all situations will be affected by your decision. If not convened, the meeting shall meet on the first working day of April at 10 a.m. in the offices of the registered office where the administration of the company operates. The shares are indivisible, that is, in the case where a share belongs to more than one person, it cannot be divided, and therefore the different holders of the share must elect a proxy who exercises on their behalf the rights granted to them by owning the share. According to the law, at least one session must be held per year. In addition, when assuming such powers, your legal representative may grant and revoke powers of attorney to others. This feature can be beneficial if a shareholder is not available and an obligation must be fulfilled in his absence.
In public limited companies, the representatives may be the board of directors or the sole director. It should be emphasized that the legal representative coincides in all types of legal entities that our legal system allows, so there must be an RL in every joint-stock company, public or private company, limited liability company, limited partnership, family micro-enterprise and sole proprietorship with limited liability. their responsibility, but also their scope. This column is undoubtedly an invitation to learn much more about this subject, its risks and limitations. If you have a Type S business, you may be responsible for paying Type S companies. You can do this at any notary throughout Chile through a public deed or a private deed approved before a notary. In any case, the most important thing is to prove the identity of the representative with the passport or identity card. Strictly speaking, in the case of commercial companies, the representation of the company is ensured by its administrative bodies and, by virtue of these powers, these bodies may, in turn, grant powers of attorney to other persons with the legal or procedural capacity to perform legal or procedural acts in the name and on behalf of the company. A legal representative represents the interests of a company and ensures that it is better represented before local authorities. Choosing the right legal representative in Mexico for your business is key to expanding your business abroad.
“There is no majority on boards of directors composed of persons united by marriage or kinship in the third degree of consanguinity or the second degree of kinship or the first civil degree, except in companies recognized as family. If a council is elected contrary to this provision, the previous meeting cannot and continues to exercise its functions, which the meeting immediately convenes for re-election. The legal representatives of commercial companies are the members of the company`s administrative body, who in principle have the power to perform all actions necessary for the achievement of the company`s purpose, with the exception of the limitations provided for by law and in the articles of association or in the articles of association. `Save as otherwise provided by the statutes, the administrative organ shall be presumed to have sufficient powers to order the performance or conclusion of any instrument or contract forming part of the objects of the company and to take the decisions necessary to enable the company to attain its objects.` The change of legal representative is done according to the same steps as your initial order.