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Old 03-27-2009, 10:21 AM
Fabio J. Guzman Fabio J. Guzman is offline
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Join Date: Jan 2002
Posts: 1,575
Fabio J. Guzman Level 4 Fabio J. Guzman Level 4 Fabio J. Guzman Level 4 (250)
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So what is involved to convert the S.A. to a S.R.L.?

A four-step procedure that I will be detailing later on this board.

Does the S.R.L. afford the same benefits to own property?

Yes

It states that the S.R.L. must poses RD$100,000.00, well the S.A. that owns this house neither expends nor create income, thusly does not have a bank account.

It must have RD$100,000 in capital, not necessarily in cash in a bank. If the capital of the S.A. that is to be converted into a S.R.L. is RD$100,000 or more, there is no need to provide funds for the conversion.

Is there any way to not have the bank account?
See answer above.
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