Pursuant to the Bolivian Commercial Code, Stock Corporations (in Spanish: “Sociedades Anónimas”) must have one of the following organizational structures:
- A General Meeting (in Spanish: “Junta de Accionistas”), a Board of Directors (in Spanish: “Directorio”), a Manager (in Spanish: "Gerente General"), and a Comptroller (in Spanish: “Síndico”); or
- A General Meeting, a Board of Directors, a Manager, a Comptroller and an Executive Committee (in Spanish “Comité Ejecutivo”).
Limited Liability Companies
Pursuant to the Bolivian Commercial Code, Limited Liability Companies (in Spanish: “Sociedades de Responsabilidad Limitada”) may have one of the following structures:
- A General Meeting (in Spanish: ”Asamblea de Socios”) and a Manager; or
- A General Meeting and a Board of Directors.
Please see, respectively, “General Meeting”, “Board of Directors”, “Executive Committee” and “Manager”, in the left side menu for a more in-depth description of each structure, including how to change the respective board members. Please note that the “Comptroller” is not described in more detail.
Guevara & Gutiérrez has provided all input about changing board members in Bolivia. G&G is one of the leading law firms in Bolivia for corporate and commercial law. It has offices in the cities of La Paz and Santa Cruz, and is a one-stop firm in Bolivia for all the legal advice required by corporate clients. Its portfolio of clients includes some of the largest and more sophisticated foreign companies doing businesses in Bolivia.
For more information about Guevara & Gutiérrez and changing board members in Bolivia, please use the below contacts:TEL: (+591) 22770808