FACULTY OF BUSINESS

ACCOUNTING SCHOOL

ACADEMIC REPORT

COURSE:
BUSINESS LAW

AUTHOR:
TELLO VELA, ARNI IMANOL

TEACHER:
FERNANDEZ VIDEIRA, JHONATAN JAVIER

Tarapoto - Perú

(2023)
I. INTRODUCTION
ANONYMOUS SOCIETY

A corporation (S.A.) is a form of business organization that is characterized by its

capital structure divided into shares, which are owned by the shareholders. Unlike other

forms of business organization, such as limited liability companies (S.R.L.), public

limited companies allow the participation of a large number of shareholders, which

facilitates the raising of capital.

Here are some key aspects of limited companies:

• Ownership structure: In a corporation, the capital is divided into shares, which

represent ownership of the company. These shares can be acquired by shareholders in

exchange for a monetary or in-kind investment. Shareholders can be individuals or legal

entities, and their liability is limited to the amount of their investment.

• Limited Liability: One of the main benefits of a corporation is limited liability for

shareholders. This means that should the company run into financial or legal trouble,

shareholders are not personally liable beyond their initial investment. This provides

security for investors and encourages equity participation in the company.

• Corporate Governance: Corporations have a corporate governance structure

that includes a board of directors or board of directors responsible for making strategic

decisions and supervising the activities of the company. Shareholders have the right to

elect the members of the board of directors and to participate in the important decisions

of the company through voting in the general shareholders' meetings.

• Transferability of Shares: Shares in a corporation are generally freely

transferable, which means that shareholders can sell or transfer their shares to other

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investors without significant restrictions. This allows the entry and exit of shareholders in

the company in a more fluid manner compared to other forms of business organization.

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 II. DEVELOPMENT

Access to capital: Public limited companies are attractive for raising capital due

to the possibility of issuing shares and selling them to interested investors. This ability to

raise additional capital through the issuance of shares facilitates the growth and

expansion of the company. In addition, corporations can access financial markets and

issue bonds or apply for loans to finance projects or activities.

• Dividends and profits: Shareholders of a corporation are entitled to receive

dividends, which are the profits distributed by the company to its shareholders. The

amount of dividends that is distributed is usually determined based on the profits

obtained by the company and may be proportional to the number of shares owned by

each shareholder. However, the decision to distribute dividends is subject to the

approval of the general meeting of shareholders.

It is important to note that public limited companies are subject to specific

regulations and requirements according to the legislation of each country. These

requirements may include the presentation of financial reports, the holding of general

shareholders' meetings and compliance with transparency and corporate governance

regulations.

In summary, a corporation is a form of business organization that allows the

participation of multiple shareholders, offers limitation of liability, has a corporate

governance structure, and facilitates the raising of capital through the issuance of

shares.

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 REFERENCIAS BIBLIOGRAFICAS

 "Sociedades Anónimas: Régimen Jurídico y Práctica Societaria" de Mario

Castillo Freyre (2018). https://www.sumup.com/es-es/facturas/glosario/sociedad-

anonima/

 "Manual de Sociedades Anónimas" de José Luis Paz-Ares Rodríguez (2019).

https://www.conceptosjuridicos.com/pe/sociedad-anonima/

 "Las Sociedades Anónimas en el Derecho Español" de Alfonso Martínez-

Echevarría y García de Dueñas (2017).

https://www.estudiodelion.com.pe/sociedad-anonima-sa-peru/

 "Sociedades Anónimas: Aspectos legales, contables y fiscales" de Francisco

García Garcimartín (2016). https://www.sdelsol.com/glosario/sociedad-anonima-

sa/

 "Sociedades Anónimas: Régimen Legal y Casos Prácticos" de Carmen Asensio

y Guillermo Jiménez (2019).

https://www.inei.gob.pe/media/MenuRecursivo/publicaciones_digitales/Est/

Lib1445/cap03.pdf

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ANNEX