LEY DE SOCIEDADES DE CAPITAL SIMPLIFICADAS

The decree is based on the National Competitiveness Agenda 2012-2021, which seeks to improve the business environment and increase investment in Guatemala. The decree establishes the concept of a simplified capital society, which is a type of corporate structure that is suitable for micro, small, and medium-sized enterprises. This type of society is characterized by a limited liability for its shareholders, who are responsible only for the payment of their subscribed shares. The decree sets out the requirements for the constitution of a simplified capital society, including the need for a precise and determined object, the division of the capital into various classes of shares, and the payment of the capital by the shareholders. The decree also establishes the rules for the issuance of shares, including the need for the shares to be fully paid up before they can be transferred. The decree also sets out the rules for the management of the simplified capital society, including the need for a board of directors and the holding of general meetings. The decree also establishes the rules for the dissolution of the society, including the need for a resolution by the shareholders to dissolve the society. The decree is an important step towards improving the business environment in Guatemala and increasing investment in the country. It provides a simplified corporate structure that is suitable for micro, small, and medium-sized enterprises, which are the backbone of the Guatemalan economy. The decree is based on the principles of simplicity, flexibility, and transparency, and it aims to reduce the administrative burden on entrepreneurs and small business owners. It also aims to promote the growth and development of micro, small, and medium-sized enterprises in Guatemala. The decree is an important tool for promoting economic development in Guatemala, and it is expected to have a positive impact on the country's economy. It provides a framework for the creation and operation of simplified capital societies, which can help to increase investment, create jobs, and promote economic growth. The decree is also an important step towards improving the competitiveness of Guatemalan businesses, which is a key objective of the National Competitiveness Agenda 2012-2021. It provides a simplified corporate structure that is suitable for micro, small, and medium-sized enterprises, which are the backbone of the Guatemalan economy. The decree establishes the following articles: * Article 1: Defines the concept of a simplified capital society and its characteristics. * Article 2: Establishes the rules for the constitution of a simplified capital society. * Article 3: Establishes the rules for the division of the capital into various classes of shares. * Article 4: Establishes the rules for the payment of the capital by the shareholders. * Article 5: Establishes the rules for the issuance of shares. * Article 6: Establishes the rules for the management of the simplified capital society. * Article 7: Establishes the rules for the dissolution of the society.