On December 28, 2023, the Ministry of Economy issued an Agreement aimed at defining the annual total income limit for Simplified Limited Companies, as established in article 260 of the General Law on Mercantile Companies.
This Agreement reveals the update factor for the year 2024, set at 1,0432. This factor is the result of precise calculations based on the National Consumer Price Index, which is decisive for establishing the economic limits applicable to Simplified Stock Companies.
Practically speaking, this update factor determines that, as of January 1, 2024, the total annual revenues of a Simplified Limited Company may not exceed the amount of $7,076,469.38 (seven million seventy-six thousand four hundred sixty-nine pesos 38/100 M.N.).
If a Simplified Stock Company (SAS) exceeds the established annual income limit, it will lose the benefit of being considered as an SAS and will have to be subject to the regulations and requirements of a traditional company, and must modify its structure and become another type of business entity, such as a Public Limited Company (S.A.) or a Limited Liability Company (S. de R.L.), among others. If the amendment is not made, the corporate veil that protects the shareholders will be lifted and each of them will be responsible to third parties for the payment and compliance with any of the Company's obligations.
Remember that, when setting up an SAS, we will be subject to various obligations, such as:
-Disseminate the following in the Electronic System of Publications of Mercantile Companies:
- All shares must be paid within the deadline set by the shareholders, in less than one year.
- Keep the record book of the Company's shares.
- Transform to another traditional commercial company once the amount of annual income allowed is exceeded.
While Simplified Stock Companies have their advantages, meeting their obligations will be crucial to avoid negative consequences.
If you are looking for more information, send us an email to d.rodriguez@rmgsc.com
Buy the legal services and products you need online.
Go to the store
Do you want to keep up to date with everything we do? Follow us on all our social networks!
Give a like
For everyone
Entrepreneurs
Companies
29
May
2023
Tequila is a famous and distinctive agave distillate that is marketed around the world. Therefore, it is essential to comply with the regulations that we explain in this blog.
For everyone
Entrepreneurs
companies
For everyone
Entrepreneurs
Companies
27
Sep
2023
In this article, we will explore in detail the roles and responsibilities of a commissioner in a Mexican commercial company. In the context of Mexican companies and commercial companies, the figure of the commissioner plays a fundamental role in supervising and controlling the financial and legal management of the entity. Its role is essential to ensure transparency and compliance with society's legal and fiscal obligations.
For everyone
Entrepreneurs
companies
For everyone
Entrepreneurs
Companies
18
Dec
2023
In the Mexican business fabric, compliance with regulatory aspects is not just a formality; it is a fundamental pillar that ensures the stability, transparency and sustainability of organizations in the long term. In an environment where regulations and laws can be complex and changing, companies that prioritize and maintain rigorous compliance will not only mitigate legal risks, but will also strengthen their reputation, increase investor and customer confidence, and contribute to the country's economic development.
For everyone
Entrepreneurs
companies
