Accounting services for SA
We offer full accounting support for Limited Companies , from the preparation of financial statements to the management of tax audits, ensuring compliance and efficient management of your finances.
Establishment of SA
A Limited Company (S.A.) is always a commercial company, even if it does not carry out a commercial activity. A minimum share capital of 25,000 euros is required for its establishment . If the capital exceeds 3 million euros, approval from the Ministry of Development is required . The formation of the SA is done electronically through the One Stop Service (e-YMS).
The SA can be established by one or more persons and the liability of the shareholders is limited to the amount of their participation. The articles of association prescribe the relations of the shareholders and the management of the company. The ABETE and ABEE forms are also Joint Stock Companies, with the difference that – in addition to commercial – they also have industrial or technical activities. Limited companies are characterized by longevity , usually 50 years, and publicity is strict throughout their existence.
Conversion of IKE to AE
In order to convert an IKE into a Limited Liability Company (SA), the general meeting of the partners of the IKE is first of all held. The conversion is accepted with a 2/3 majority. Afterwards, a report is made by the Committee on the evaluation of the assets of the IKE. The conversion agreement is signed before a notary public, and includes the conversion decision and the new statute of the SA.
The notarial document is then sent to GEMI, which arranges for the registration and posting of the notice on its website. IKE maintains its legal personality , it just changes its form and is now treated as an SA for accounting and tax purposes.
Limited Company - Advantages Disadvantages
SA has higher prestige and credibility in the market. In addition, the shares of an SA can be easily transferred without affecting the operation of the company, facilitating succession and attracting new shareholders. In addition, SAs can more easily invest in various sectors, participate in joint ventures and tenders for large projects, thus increasing their profitability.
The establishment and management of an SA, of course, requires compliance with strict legal and regulatory requirements as well as the publication of financial statements. This means that their proper accounting and tax monitoring is a key pillar of their success and development.
Accounting monitoring and tax technical SA
- Accounting support and bookkeeping (general ledger, diary, inventory)
- Issuance of financial statements (balance sheets, income statement, cash flows)
- Internal audit to ensure accuracy of financial records
- Financial reports and analyzes to facilitate management in decision-making.
- Tax planning to minimize the tax burden
- Management of tax audits by the competent authorities
- Guidance for international expansion and cross-border development
