Quevedo & Ponce - Noticias Legales
Dissolution, Liquidation, and Cancellation of Commercial Companies in Ecuador
- February 26th, 2025
- Quevedo & Ponce
When a company ceases operations, generates no income, or becomes unprofitable, the most prudent course of action is to close it as soon as possible. This helps to avoid the accumulation of fiscal and administrative obligations with entities such as the Superintendency of Companies, Securities, and Insurance (SCVS) and the Internal Revenue Service (SRI), as well as reducing unnecessary expenses and minimizing the risk of fines or sanctions.
The closure may be necessary for various reasons, such as unsatisfactory results, conflicts among shareholders, lack of operations, or the personal decision to finish the project. The following are the options available perform out this procedure, each one suitable for different circumstances:
- Volontary and early dissolution: This procedure allows the shareholders to decide in advance to close the company. It involves the formal dissolution of the company, liquidation of assets and liabilities, and subsequent cancellation of registration.
- Expedited procedure for voluntary dissolution, liquidation, and cancellation request: If the company has no outstanding debts, this option offers a more agile process, allowing the dissolution, liquidation, and cancellation to be completed in a single administrative act.
- Expedited cancellation: In this case, if the company has no pending obligations and all shareholders agree, a fast and efficient cancellation can be conducted before the Commercial or Corporate Registry, as appropriate.
At Quevedo & Ponce, we offer comprehensive legal counsel for the dissolution, liquidation, and cancellation of companies. Our experts ensure an efficient process, in compliance with current regulations, tailored to meet the specific needs of each client.
Más Artículos
Nice Classification: Summary of Goods and Services for Trademark Registration
The Nice Classification constitutes the cornerstone of the international system used to organize goods and services for trademark registration purposes and is administered by the World Intellectual Property Organization (WIPO). The system divides goods and services into 45 classes and serves as the technical foundation for determining the scope of trademark protection. Its proper application is essential to ensure adequate protection and to avoid limitations or potential conflicts.
Clasificación de Niza: Resumen de Productos y Servicios para el Registro de Marcas
La Clasificación de Niza es el eje del sistema internacional utilizado para organizar los productos y servicios a efectos del registro de marcas, administrada por la Organización Mundial de la Propiedad Intelectual (OMPI). Este sistema divide los productos y servicios en 45 clases y constituye la base técnica que determina el alcance de la protección marcaria, siendo fundamental su correcta aplicación para garantizar una protección adecuada y evitar limitaciones o conflictos futuros.
Reactivation as an Exceptional Legal Mechanism within the Popular and Solidarity Economy: Regulatory Scope and Procedure
Resolution No. SEPS-IGT-IGS-IGJ-INFMR-INGINT-2025-0244 introduced reactivation as an exceptional legal mechanism within the Popular and Solidarity Economy, allowing certain organizations undergoing ordinary liquidation proceedings to resume their activities, provided that they demonstrate that the causes leading to liquidation have been remedied and that they possess economic and legal viability, thereby reaffirming the role of the Superintendency of Popular and Solidarity Economy in preserving organizational structures with social and economic impact
La reactivación como figura excepcional en la Economía Popular y Solidaria: alcance normativo y procedimiento
La Resolución No. SEPS-IGT-IGS-IGJ-INFMR-INGINT-2025-0244 incorporó la reactivación como una figura jurídica excepcional dentro de la Economía Popular y Solidaria, al permitir que determinadas organizaciones en proceso de liquidación ordinaria puedan retomar sus actividades, siempre que acrediten haber superado las causales de liquidación y cuenten con viabilidad económica y jurídica, reafirmando el rol de la Superintendencia de Economía Popular y Solidaria en la preservación de estructuras organizativas con impacto social y económico.
Buying a used vehicle in Ecuador: legal steps that cannot be omitted
The purchase of a used vehicle in Ecuador involves compliance with specific legal and administrative requirements within defined deadlines. This legal bulletin outlines the key stages of the process, from the preliminary verification of the vehicle to the registration of the purchase agreement and the transfer of ownership, including the penalties applicable in case of non-compliance.
