Requirements of the Agency Agreement in Spain
As defined in Article 1 of the Law of Agency Agreements (from now on LAA), these types of agreements are for which a natural person or legal entity is obligated …
The shareholder’s right to withdrawal in Spain for non distribution of dividends
Article 93 a) of the Spanish Companies Law (LSC in Spanish) expressly recognizes the shareholders’ entitlement to participate in company profit-sharing. Nevertheless, it is not an automatic entitlement, since, in principle, …
Note to the Partial Reform of the Law of Capital Companies in Spain
On 2 October 2011, Law 25/2011 of August 1 came into force. This law provides for the partial reform of the Capital Companies Act and the transposition of Directive 2007/36/EC …
Steps to start an LLC or limited liability company in Spain
To initiate the establishment of an LLC (Limited Liability Company) in Spain, you need to follow these steps:
General Meetings’ Regulation for Capital Companies in Spain
Since September 1, 2010, Section 4 of Title 1 in Book II of the Commercial Code, pertaining to partnerships limited by shares, as well as the laws governing Public Limited Companies, Limited Liability Companies, and Title X of the Stock Markets Law concerning publicly listed companies, has been repealed.
The new Capital Company Law in Spain
On July 2nd, the Council of Ministers approved the Redrafted Text for the Law of Capital Companies (Royal Legislative Decree 1/2010). Effective from September 1, 2010, it unifies regulations for various company types, addressing organizational issues and imperfections.
