Before appointing a legal representative, it is necessary to draw up a statutory document indicating the roles, duties and limits of the legal representative, so it is important to delimit his missions. In principle, legal representatives are liable for damages caused by acts or omissions contrary to the law or the statutes or by the violation of duties arising from their function, provided that there is malice or fault. In general, the legal representative is the same general manager of the company who provides legal representation and operational and financial management of the company, but this is not always the case. The legal representative of the company must be elected by the competent social or administrative body, such as the board of directors or the general meeting. In order to change the legal representative, it is necessary to make an amendment to the statutes, which we explain here. In this case, the functions of the legal representative to the SII are as follows: regardless of the types of companies you can create in Chile and their main characteristics, all companies must assume legal responsibilities. Any company, foreign or private, wishing to start operations in Chile must have at least one legal representative registered with the Internal Revenue Service. According to the Internal Revenue Service (SII), the requirements to be a legal representative are as follows: in our country, all companies, regardless of their type or size, must comply with certain legal obligations to operate. At the same time, anyone who wants to start a business in Chile, as well as foreign companies, must have a figure of this class registered with the Internal Revenue Service.
There are other legal cases in which legal representatives are directly liable (there is automatic liability): The duties of a legal representative include: The documents must be approved by the Chilean Ministry of Foreign Affairs, a fundamental step in proving the authenticity and legal validity of the document in Chile. Can the legal representative be the same owner of the business? Only a national or foreign citizen who has a NIE (Alien Identification Number) may be designated as the legal representative. Companies or companies are legal entities acting through a person acting as a legal representative. The main function of entrepreneurs is not only to promote their entrepreneurial spirit, but also to know how to delegate functions to achieve their objectives set at the beginning of the year. Therefore, the figure of the legal representative results. Here are some of the responsibilities of the legal representative of a company: for example, if the company does not pay taxes in Spain, this may result in criminal or civil sanctions against the legal representative. In civil proceedings against the company, the legal representative must appear before the court. These are tasks that should only be performed by authorized persons. Therefore, the authorized person is also called legal representative.
Any company intending to start an activity must need at least one legal representative. This can be inside or outside Chile, and its function is to root in your decision-making. It is the one who represents the company before third parties, is able to bind it and will, in turn, act legally for the actions of the latter. Therefore, it is a cargo that certainly has benefits, but also associated risks. We have general managers and legal representatives. The agreement they reached at the beginning should be reviewed and, accordingly, a new economic agreement should be concluded. This could be for fees (bill) or connected, since an employee more than has all your rights. Therefore, the appointment of a legal representative should be based on trust, care and communication and should never be taken lightly by all parties concerned.
A representative is someone who represents another or another and is legal because their representation is in accordance with the law. Subscribe to our newsletter to receive the latest business news and advice on starting a business, legal entity compliance, accounting, back office, and tax requirements. You can do this at any notary throughout Chile through a public deed or a private deed approved before a notary. In any case, the most important thing is to prove the identity of the representative with the passport or identity card. The legal representative is one of the most important participants in any company. By itself, not all private organizations are required to have one, but in the same way, a figure of this class greatly facilitates operations outside society. Below, we explain everything about this important public servant. The appointment of the legal representative is a very important decision for both the company and the individual, with serious consequences if the wrong person is appointed, as they are granted the legal right of shareholders to manage and make decisions on behalf of the company. When a legal representative is appointed or elected, proxies are usually granted by an officially certified document (nominally in the company`s articles of association). There may be a legal representative of an autonomous Spanish company (without employees) in another country, for example: in Russia, and how should it be registered? The main characteristics of the legal representative are: The Commercial Code regulates issues related to the legal representation of commercial companies, but in general, the representative can sign contracts, assume obligations, fulfill them, claim the rights of the represented person, etc. Does the legal representative have or has the legal right to receive money, salary, fees or commission? What happens if this information is not provided in a letter regarding the acceptance of legal representation at the Chamber of Commerce upon taking office? A legal representative is a person who acts on behalf of another person and is legally recognized. The person represented may be a natural or legal person.
In the case of natural persons, the representative is a representative. In the second case, the legal representative may be the manager of a company, the manager of a residential building, etc. In the case of an SME, for example, the legal representative may be one or more partners or, if you prefer, a third party. In all cases, this figure is responsible for the presentation of decision-making. With such extensive powers and potentially unlimited liability, a good selection of an appropriate and qualified legal representative is extremely important. As explained above, legal representation may be composed of both natural and legal persons, and in any case the legal representative acts on behalf of his representative, so that he obliges him, as long as he does not exceed the parameters and conditions of the delegation entrusted to him. To designate the legal representative, you must contact the nearest notary and request a public or private deed approved by the notary, proving the identity of the representative with your passport or identity card.