Types of companies: What is the difference between SA, SAC, SRL, EIRL and SAA? | Company name | Sunarp | Economy | Management & Employment

Do you want to register a business with public registries? For that, the first thing to do is to define whether you will do it as a natural person or as a legal entity. With the first option, you will have to assume all the obligations of the company, guaranteeing with your assets the debts that the company can contract.

On the other hand, with the second, it will be the company's heritage that will assume all the obligations of it. This implies that the debts or obligations are limited only to the assets forming part of the assets of the company.

In the first case, you can only create a sole proprietorship, while in the second case, the options are broader. So what are the types of businesses in Peru? What are its characteristics? And which one is yours?

WHAT ARE THE TYPES OF BUSINESS IN PERU?

According to the website of the Government of Peru, there are different types of businesses:

1. Public limited liability company (S.A.)
2. Closed Company (S.A.C.)
3. Limited Liability Company (S.R.L.)
4. Individual entrepreneur with limited liability (E.I.R.L.)
5. Open Company (S.A.A.)

1. WHAT IS AN ANONYMOUS COMPANY (S.A.)?

Number of shareholders / partners

• Minimum: 2
• Maximum: unlimited

Organization

It must be established:

• General Meeting of Shareholders.
• Management
• repertoire

Capital and shares

• Capital defined by the contributions of each partner.
• The shares must be recorded in the share register.

Examples:

• Cassinelli S.A.
• Socosani S. A.
• Banco Ripley Peru S.A.

2. WHAT IS A CLOSED COMPANY (S.A.C.)?

Number of shareholders / partners

Organization

It must be established:

• General Meeting of Shareholders.
• Management
• Directory (Optional)

Capital and shares

• Capital defined by the contributions of each partner.
• The shares must be recorded in the share register.

Examples:

• Montalvo Spa Peluqueria S.A.C.
• Pisopak Peru S.A.C.
• Distribuidora Concordia S.A.C.

3. WHAT IS A LIMITED RESPONSIBILITY COMMERCIAL COMPANY (S.R.L.)?

Number of shareholders / partners

Organization

• Usually small family businesses.

Capital and shares

• Capital defined by the contributions of each partner.
• It must be registered in public archives.

Examples:

• Clinica Cayetano Heredia S.R.L.
• Inca Corporation Kola Peru S.R.L.
• Directv Peru S.R.L.

4. WHAT IS A LIMITED RESPONSIBILITY INDIVIDUAL CORPORATION (E.I.R.L.)?

Number of shareholders / partners

Organization

• Only one person is listed as Managing Director and Partner.

Capital and shares

• Capital defined by the contributions of the single donor.

Examples

• G.L.P. E.I.R.L. Distributions
• Global Solutions Peru E.I.R.L.
• Plastitodo E.I.R.L.

5. WHAT IS AN ANONYMOUS COMPANY OPEN (S.A.A.)?

Number of shareholders / partners

Organization

It must be established:

• General Meeting of Shareholders.
• Management
• repertoire

Capital and shares

• More than 35% of the capital belongs to 175 shareholders or more.
• You must have made a main public offering of shares or convertible bonds. They must enter the shares in the share register.

Examples:

• Alicorp S.A.A.
• Luz del Sur S.A.A.
• Creditex S.A.A.

WHAT IS A SOCIAL REASON?

The name of the company is the name that your company will have and is related to RUC. With this company name, your company will identify itself sunat, banks, entities and companies to make transactions, make purchases or sales, among others.

The first step in the company's registration or incorporation process is to reserve the name or company name. This same process should also be performed when you want to change the name or business name in the company's articles of incorporation.

In addition, it is important to specify that the name of the company is not necessarily its business name.