In the complex business world, the choice of the type of corporation is crucial for any entrepreneur or businessman. Each type of corporation has its own characteristics and advantages, and the right choice can make all the difference in the success and efficient operation of a business corporation. In Mexico, the most common types of corporations are the Sociedad Anónima (S.A.), the Limited Liability Company, Sociedad de Responsabilidad Limitada in Spanish (S. de R.L.) and the Simplified Joint Stock Company, Sociedad por Acciones Simplificada in Spanish (S.A.S.). The following is a brief description and comparison of these options.
Etiqueta: Mexican Lawyer
THE LATEST REFORM TO THE GENERAL LAW OF CREDIT SECURITIES AND OPERATIONS: A STEP TOWARDS DIGITALIZATION
On March 26, 2024, a decree was published in the Official Gazette of the Federation that reforms, adds, and repeals various provisions of the General Law of Titles and Credit Operations (LGTOC) and the General Law of Organizations and Auxiliary Credit Activities (LGOAAC). This reform represents a significant advance to encourage and provide greater legal security to the celebration of credit operations and negotiability of credit titles through electronic means and other technologies.
BEYOND THE PENSION: EXPLORING THE REVERSE MORTGAGE
When the average monthly pension received during 2023 was 9,600 pesos (less than 600 dollars) according to information from the National Commission of the Retirement System Savings Commission (CONSAR), many seniors struggle to maintain their lifestyle. In an effort to increase their income and remain in their homes, some resort to tapping into the equity built up in their homes through an interesting form of financing: the reverse mortgage.
NAVIGATING THE PILLARS OF ESTATE PLANNING IN MEXICO: STRATEGIES FOR SECURING THE FUTURE
Estate planning is a crucial process that allows us to manage our assets, protect our loved ones, and ensure that our will is carried out, even after our death. While the subject may seem daunting, especially at first approach, breaking it down into simple steps can make it more accessible. Below, we will explain the most relevant estate planning strategies.