www.doingbusinessincolombia.com
EMAIL: info@doingbusinessincolombia.com
TEL +57-305-461-9162
In Colombia, there are several types of companies that can be chosen by US entrepreneurs to formalize their business. It is important to highlight that each type of company has its own characteristics and benefits. Therefore, it is essential to choose the most suitable one for each business.
The types of companies in Colombia include:
- Anonymous Company – S.A.
- Simplified Stock Company – S.A.S. (most common nowadays)
- Limited Liability Company – LTDA
- Simple Commandite Company
- Joint Stock Commandite Company
- Collective Company
- Sole Proprietorships
- Mixed Economy Companies
- For example, an anonymous company can be a good option for US large companies seeking to obtain financing through the sale of shares in the Colombian public market. On the other hand, the simplified stock company is an alternative that offers advantages such as simplification in its creation and administration.
An SAS allows for flexible corporate governance, as the shareholders have the freedom to determine the company’s organizational structure and management rules. This means that shareholders can tailor the operational framework according to their specific needs and business goals. This flexibility often fosters a more efficient decision-making process.
In conclusion, as a business specialist firm, we strongly advise US entrepreneurs in Colombia to thoroughly assess the available alternatives before deciding on the most suitable type of company that aligns with their specific requirements. By doing so, they can effectively leverage the legal and financial advantages provided by each company type, leading to a thriving and enduring expansion of their business.
If you need advice on matters related to Business do not hesitate to contact us. We are committed to providing you with effective and appropriate solutions for your specific needs.
www.doingbusinessincolombia.com
EMAIL: info@doingbusinessincolombia.com
TEL +57-305-461-9162
