Modification of the Corporate Purpose: Crucial Steps to Adapt your Company
Modifying the corporate purpose of a company is a strategic step that can enhance its development and adaptation to new market opportunities. This process not only involves adjusting the description of business activities, but also following a set of precise legal steps to guarantee its validity and effectiveness. Here we will guide you through the key steps to carry out this modification properly:
1. Definition of the Corporate Purpose: The corporate purpose of a company is the detailed specification of the economic activities, businesses and operations that the organization is authorized to carry out. This description is essential as it defines the scope of business activities that the company can legally carry out.
2. Call for a General Meeting of Shareholders: To modify the corporate purpose, it is necessary to call a General Meeting of Shareholders. During this meeting, shareholders discuss and agree on the specific changes they wish to make to the company's corporate purpose. It is essential to clearly detail the new activities that you wish to incorporate.
3. Formalization of the Agreement: Once the modification of the corporate purpose has been agreed at the General Shareholders' Meeting, a minute must be drawn up detailing the agreed changes. Subsequently, this agreement must be elevated to a public deed before a notary, who will issue the corresponding public deed.
4. Registration in SUNARP: The public deed, once issued by the notary, must be sent to Public Registries (SUNARP) for registration in the company's registry item. This registration is crucial so that changes in the corporate purpose have legal effects and are recognized by third parties.
5. Communication to SUNAT: Once the change is registered in SUNARP, it is essential to communicate this change to the National Superintendency of Tax Administration (SUNAT). This is done to update the company's Single Taxpayer Registry (RUC), modifying the ISIC code (International Uniform Industrial Classification) in accordance with the new activities incorporated.
Carrying out the modification of the corporate purpose appropriately not only ensures legal compliance, but also allows the company to adapt quickly to market dynamics and take advantage of new business opportunities. It is advisable to have appropriate advice from legal and accounting professionals to ensure that the process is carried out smoothly and in accordance with current regulations.