While hardly be approved In this election year, with Congress paralyzed, a bill promoted by the ruling party has warned the business ecosystem. It is none other than the third largest export sector in the country that brings in foreign currency for 8 billion dollars.
The project presented by the Government aims to limit the SAS and the SRL, the companies with which the micro and small enterprises.
“Under the alleged banner of fighting money laundering, the government seeks to maintain absolute and discretionary power to decide who can start a business in Argentina,” the Entrepreneurs’ Association warned.
I am also on guard for creating a register of entrepreneurs” at the head of the Ministry of Economy of Sergio Massa and the secretariat of production development at the head of De Mendiguren. “Because of his powers, he would have the power to do that accept or refuse who is considered an entrepreneur, and therefore who can be a partner in a company”, adds Silvia Torres Carbonell, Director and Lecturer of the IAE Entrepreneurship Center.
If approved, it also obliges SMEs to re-register their domicile to prove their veracity and to submit their financial statements to the IGJ.
Torres Carbonell points out that the bill allows “the executive branch dissolves any corporation without legal recourse, and confiscates all company assets, without any kind of intervention by a judge”.
Since the approval of the Entrepreneur Law in 2017, more than 50 thousand companies under the figure of the SAS and beyond 120 thousand positions of registered work.
These are the companies that have had the greatest growth in tax collection, and the greatest job creation, according to official data from the Ministry of Labor and AFIP. But in 2020 they were limited in the Autonomous City of Buenos Aires. They continue to be a widely used corporate figure in Santa Fe, Tucumán, Mendoza or Córdoba, where they represent most of the companies created
This type of streamlined society, says Torres Carbonell, They were born in France in 1994. And several countries have adopted it.
Source: Clarin
