Guatemala Structure

Stock Corporation

Pursuant to the Guatemalan Commercial Act, a Stock Corporation (in Spanish, “Sociedad Anónima”) must have one of the following organizational structures:

  1. A Shareholders’ General Meeting (in Spanish: “Asamblea de Accionistas”), a Board of Directors or Sole Director (in Spanish: “Consejo de Administración” or “Administrador Único”) and a Supervisory Board (in Spanish: “Órgano de Fiscalización”).
  2. A Shareholders’ Meeting, a Board of Directors or Sole Director, a Supervisory Board and one or more Managers (in Spanish: “Gerentes”).

Limited Liability Company

Pursuant to the Guatemalan Commercial Act, a Limited Liability Company (in Spanish, “Sociedad de Responsabilidad Limitada”) has the following organizational structures:

  1. A Meeting of Members (in Spanish: “Junta de Socios”), one or more Directors (in Spanish: “Administradores”) and a Supervisory Board (in Spanish: “Consejo de Vigilancia”).
  2. A Meeting of Members, one or more Directors, a Supervisory Board and one or more Managers (in Spanish: “Gerentes”).

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

Fee quote

BLP has provided all input about changing board members in Guatemala. 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 Guatemala, please use the below contacts

TEL: +506 2205 3990
EMAIL: mmalcotti@blplegal.com
WEB: www.blplegal.com