{"id":1685,"date":"2015-03-27T08:54:52","date_gmt":"2015-03-27T11:54:52","guid":{"rendered":"https:\/\/cspabogados.com.ar\/?p=1685"},"modified":"2026-08-19T12:51:43","modified_gmt":"2026-08-19T15:51:43","slug":"single-shareholder-company","status":"publish","type":"post","link":"https:\/\/cspabogados.com.ar\/en\/single-shareholder-company\/","title":{"rendered":"Single-shareholder company in Argentina"},"content":{"rendered":"<div class=\"et_pb_section_0 et_pb_section et_section_regular et_block_section\"><div class=\"et_pb_row_0 et_pb_row et_block_row\"><div class=\"et_pb_column_0 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_flex_module\"><div class=\"et_pb_text_inner\"><div>\n<p style=\"font-weight: 400;\">The Argentine Legal Regime will have major changes as from August 1st, 2015, when the new Civil and Commercial Code of the Nation (<em>C\u00f3digo Civil y Comercial de la Naci\u00f3n<\/em>\u00a0or CCCN) becomes effective.<\/p>\n<p style=\"font-weight: 400;\">The CCCN modifies and unifies the current Civil Code and Commercial Code of the Nation and also reforms important laws, such as the Commercial Companies Law N\u00ba 19,550 which will be renamed as General Companies Law (<em>Ley General de Sociedades<\/em>\u00a0or LGS). Among the most significant changes to be introduced by the LGS, it is found the possibility of incorporating companies with only one partner under the type of the so-called\u00a0<em>Sociedades An\u00f3nimas<\/em>.<\/p>\n<p style=\"font-weight: 400;\">The single-shareholder company (<em>Sociedad An\u00f3nima Unipersonal<\/em>\u00a0or SAU) has as its main features the following:<\/p>\n<p style=\"font-weight: 400;\">(i) Its social denomination must contain the expresi\u00f3n\u00a0<em>sociedad an\u00f3nima unipersonal<\/em>, its abbreviation or the acronym SAU;<\/p>\n<p style=\"font-weight: 400;\">(ii) The capital stock must be fully paid up upon its incorporation;<\/p>\n<p style=\"font-weight: 400;\">(iii) The single-shareholder company cannot be the partner of another SAU;<\/p>\n<p style=\"font-weight: 400;\">(iv) It will subject to permanent Government control provided in Section 299 of the LGS and must comply with the filings required by the Public Registry of Commerce of the jurisdiction where the company has been incorporated;<\/p>\n<p style=\"font-weight: 400;\">(v) The SAU must appoint a board of directors composed of at least three members;<\/p>\n<p style=\"font-weight: 400;\">(vi) It must also appoint a statutory supervisory committee composed of at least three members.<\/p>\n<p style=\"font-weight: 400;\">The claim to count on legal resources to limit the liability of an individual businessperson has long standing. However, the complexity derived from requiring both a board and a statutory supervisory committee with at least three members, makes SAUs unfit for small ventures. On the contrary, SAUs will make easier for multinational companies to establish a subsidiary in Argentina (these transnational companies currently have to incorporate two foreign companies in the country to become partners of a locally established one and will only need one when the new CCCN be in force). SAUs will also be helpful for local companies to reorganize their assets, separating business units with their own legal personality.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Mario E. Castro Sammartino<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p><span style=\"font-size: 20px;\"> <\/span><\/p>\n<\/div>\n<p style=\"font-weight: 400;\">Our publications exclusively express the\u00a0author\u00b4s opinion and do not purport to be legal counsel on any case. Should\u00a0you need it, you must consult with your trusted lawyer.\u200b<\/p>\n<p>&nbsp;<\/p>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,1228,1274,26],"tags":[53,51,42],"csp_materia":[],"csp_coleccion":[],"class_list":["post-1685","post","type-post","status-publish","format-standard","hentry","category-companies","category-corporate","category-doing-business","category-uncategorized","tag-companies-en","tag-corporate","tag-doing-business-in-argentina"],"_links":{"self":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/1685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/comments?post=1685"}],"version-history":[{"count":2,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/1685\/revisions"}],"predecessor-version":[{"id":225544,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/1685\/revisions\/225544"}],"wp:attachment":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/media?parent=1685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/categories?post=1685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/tags?post=1685"},{"taxonomy":"csp_materia","embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/csp_materia?post=1685"},{"taxonomy":"csp_coleccion","embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/csp_coleccion?post=1685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}