Quote:
Originally Posted by Fabio J. Guzman
Any Dominican entity with Inc. at the end of its name is a non-profit organization.
S.A. ("sociedad anónima) and C. por A. (compañía por acciones) are both the same: for-profit limited liability entities.
A bill presently in Congress may radically change Dominican corporation law. If passed, you won't need 7 shareholders anymore: one will be sufficient.
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Thanks Sr. Guzman.
Can one and would it make sense to put a property in an Inc's name?
Is an Inc cheaper and/or easier to set up and maintain?
Thanks! ... J-D.