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Salvadoran Structure

Partnerships

Pursuant to the Commercial Code, a Partnership (in Spanish: “Sociedades Colectivas o Sociedades en Nombre Colectivo”) must have the following organizational structure:

  1. One or more Managers (in Spanish: administradores”) only.

Limited Liability Companies

Pursuant to the Commercial Code a Limited Liability Company (in Spanish: “Sociedad de Responsabilidad Limitada”) must have the following organizational structure:

  1. One or more Managers (in Spanish: “administradores”) only.

Joint Stock Companies

Pursuant to the Commercial Code, a Joint Stock Company (in Spanish: “Sociedades Anónimas”) must have the following organizational structures:.

  1. A Board of Directors (in Spanish: “junta directiva”) or a Sole Administrator (in Spanish: “administrador único”) and/or one or more Managers (in Spanish: administradores” or “gerentes”)

Please see, respectively, “Managers”, “Board of Directors/Sole Administrator” in the left side menu for a more in-depth description of each structure, including how to change the respective board members.

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BLP has provided all input about changing board members in El Salvador. BLP is a Central American law firm highly regarded for its client service and business oriented advice.  Winner of the “Customer Service Award” by Chambers and Partners in 2012, “Law firm of the Year - Costa Rica” Award by Chambers and Partners in 2013 and again in 2015, “Law firm of the Year - Costa Rica” Award by IFLR1000 in 2015 and again in 2016 and Best Central American Law Firm –Silver- 2016 by ILASA, the firm is a one-stop-shop for conducting business.

For more information about BLP and changing board members in El Salvador, please use the below contacts:

TEL: +503 25059700
EMAIL: mmalcotti@blplegal.com
WEB: www.blplegal.com