Each year by the end of April, limited liability companies must approve the management accounts and approve the financial statements for the previous year.
Therefore they should perform an assembly or meeting, as provided in Article 1078 of the Civil Code. These approvals occur by the registration of Minute Meetings by the Board of Trade.
The meeting can be held by companies with up to 10 quotaholders, accepted simplifications not permitted for general assemblies, such as the calling procedure.
It is observed however, that the Civil Code, § 3 of Article 1072, enables the waiving of the meeting or assembly, where all partners decide in writing of the subject matter of the meeting or assembly.
For companies that opt ??for the waiver, it is suggested to prepare a "Approval Form", which included approvals and decisions and that it be included in the Digital Bookkeeping - ECD, the J800 record - Other Information.
With this procedure is fulfilled the legal obligation under review less costly and less bureaucratic way.
We remain available for questions and for sending model "Approval Form" suggested.
