Personalidad Jurídica Independiente de la Sociedad por Acciones Simplificada y Responsabilidad Limitada de sus Accionistas (Separate Legal Personality of the Simplified Share Companies and Limited Liability of its Shareholders)

15 Pages Posted: 2 Mar 2022

Date Written: December 11, 2020

Abstract

Spanish Abstract: En comparación con el excesivamente formal y rígido marco normativo de las especies societarias tradicionales, la SAS coadyuvarán a fomentar el emprendimiento en Ecuador y a formalizar negocios otrora manejados informalmente. Debido a su flexibilidad, las SAS son formas asociativas que resultan idóneas para captar inversiones, gestionando adecuadamente el riesgo empresarial mediante estructuras determinadas de acuerdo con las necesidades operacionales de los inversionistas. Bajo aquel contexto, cabe señalar que la sociedad por acciones simplificada, al igual que cualquier sociedad mercantil, es un centro de imputación diferenciado, dotado de personalidad jurídica independiente de sus asociados. Por otro lado, los accionistas de una sociedad por acciones simplificada, cobijados por el principio de res-ponsabilidad limitada, solamente comprometerán su patrimonio personal al monto de su aportación. Los antedichos principios son los pilares fundamentales del Derecho Societario.

English Abstract: The Ecuadorian Entrepreneurship and Innovation Act became into force on February 28th, 2020. Among other aspects, the mentioned Act recognises an innovative business structure in Ecuador: the Simplified Share Companies. This modern business structure (which, incidentally, is the Ecuadorian equivalent to the British private companies, the French “Société par actions simplifiée” or the American Limited Liability Companies) is characterised by the abolition of obsolete requirements for its incorporation and legal extinction. Besides, the Entrepreneurship and Innovation Act has established a combination of contractual flexibility and simplified corporate rules to determine the internal structure of the company, for the benefit of its shareholders. For these reasons, the Simplified Share Companies, considered by Aurelio Gurrea-Martínez as a paradigm of legal innovation, will undoubtedly revolutionise the Ecuadorian corporate legal framework. That said, the Ecuadorian Simplified Share Companies have all the essential elements of the business corporations: Legal personality and limited liability. This essay will discuss those features.

Note: Downloadable document is in Spanish.

Keywords: Responsabilidad limitada, separación patrimonial, derecho societario, emprendimiento

Suggested Citation

Ortiz-Mena, Esteban and Noboa-Velasco, Paúl, Personalidad Jurídica Independiente de la Sociedad por Acciones Simplificada y Responsabilidad Limitada de sus Accionistas (Separate Legal Personality of the Simplified Share Companies and Limited Liability of its Shareholders) (December 11, 2020). Available at SSRN: https://ssrn.com/abstract=3998535 or http://dx.doi.org/10.2139/ssrn.3998535

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