Annual corporate maintenance requirements
Colombia
General partnership (Sociedad Colectiva)
The partnership board must approve the annual financial statements and annually renew the Commerce Registration. In 2021, Decree 176 set the deadline of March 31 of last year for the meetings holding to review the companies’ 2019 and 2020 accounting period.
Limited partnership (Sociedad en Comandita Simple y por Acciones)
The partnership board must approve the annual financial statements and annually renew the Commerce Registration. In 2020 the approval of financial statements was not a requirement as per the temporary measures implemented by the government with reason to COVID pandemic. The meeting to approve annual financial statements can be held up to 1 month after the Sanitary Emergency is terminated.
Limited liability company (Sociedad de Responsabilidad Limitada)
The partnership board must approve the annual financial statements and annually renew the Commerce Registration. In 2021, Decree 176 set the deadline of March 31, 2021for the meetings holding to review the companies’ 2019 and 2020 accounting period. The meeting to approve annual financial statements can be held up to 1 month after the Sanitary Emergency is terminated.
Corporation (Sociedad Anónima)
The shareholders general assembly must approve the annual financial statements In 2021, Decree 176 set the deadline of March 31, 2021 for the meetings holding to review the companies’ 2019 and 2020 accounting period. The meeting to approve annual financial statements can be held up to 1 month after the Sanitary Emergency is terminated.
Simplified stock company (Sociedad por Acciones Simplificada)
The shareholders general assembly must approve the annual financial statements In 2021, Decree 176 set the deadline of March 31 of last year for the meetings holding to review the accounting period 2019 and 2020 of the companies. The meeting to approve annual financial statements can be held up to 1 month after the Sanitary Emergency is terminated.