Quote:
Originally Posted by Fabio J. Guzman
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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Man o' man, I really appreciate this information, Fabio, thanks for putting it out there.
Do you have an idea of when you'll be posting the four step procedure?