{"id":1150,"date":"2025-04-03T14:32:52","date_gmt":"2025-04-03T17:32:52","guid":{"rendered":"https:\/\/devivocastro.com.br\/?p=1150"},"modified":"2026-01-30T13:43:57","modified_gmt":"2026-01-30T16:43:57","slug":"sociedades-limitadas-e-por-acoes","status":"publish","type":"post","link":"https:\/\/devivo.letsite.com.br\/en\/sociedades-limitadas-e-por-acoes\/","title":{"rendered":"Approval of Financial Statements 2024: Deadlines and Procedures for Limited Liability Companies and Corporations"},"content":{"rendered":"<p><span dir=\"auto\">Every year, Limited Liability Companies and Corporations must submit the accounts of their administrators to their partners\/shareholders for approval.<\/span><\/p>\n<p><span dir=\"auto\">Considering that (i) the fiscal year of companies generally ends on the last day of each year and (ii) by law, companies must have their accounts approved within 4 months of the end of their fiscal year, the month of April is typically a very busy month for administrators and partners\/shareholders, since the accounts must be approved by April 30th of each year.<\/span><\/p>\n<h4><span dir=\"auto\">What is the importance of the approval of the financial statements of the directors of Limited Liability Companies and Corporations?<\/span><\/h4>\n<p><span dir=\"auto\">This annual approval is crucial for transparency between the administrators and partners\/shareholders of the companies, especially because the non-approval of the accounts can cause operational difficulties, restrictions in obtaining credit, hinder the attraction of investors, and prevent participation in public tenders.<\/span><\/p>\n<p><span dir=\"auto\">Furthermore, from the administrators&#8217; perspective, as long as the company&#8217;s accounts are approved, they are personally liable for the actions taken by the company.<\/span><\/p>\n<h4><strong><span dir=\"auto\">Specific Rules<\/span><\/strong><\/h4>\n<p><strong><span dir=\"auto\">\u2022 Limited Liability Companies:<\/span><\/strong><\/p>\n<p><span dir=\"auto\">\u2022 Approval takes place at a meeting or assembly of partners, depending on the number of partners.<\/span><\/p>\n<p><span dir=\"auto\">\u2022 The agenda should include:<\/span><\/p>\n<p><span dir=\"auto\">\u2022 Approval of the administrators&#8217; accounts and financial statements.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><strong><span dir=\"auto\">\u2022 Limited Liability Companies:<\/span><\/strong><\/p>\n<p><span dir=\"auto\">\u2022 Approval takes place at an Ordinary General Meeting.<\/span><\/p>\n<p><span dir=\"auto\">\u2022 The\u00a0<\/span><span dir=\"auto\">\u00a0agenda should include:<\/span><\/p>\n<p><span dir=\"auto\">\u2022 Approval of the administrators&#8217; accounts and financial statements.<\/span><\/p>\n<p><span dir=\"auto\">\u2022 Decision regarding the allocation of profits and distribution of dividends, when applicable.<\/span><\/p>\n<p><span dir=\"auto\">It is worth noting that publicly traded companies must always publish their accounts at least 5 days prior to the Annual General Meeting and that, depending on their revenue, the publication may have to comply with specific procedures.<\/span><\/p>\n<p><span dir=\"auto\">If you have any questions, our team can assist you in the process of preparing corporate documents and also help with publication and legal registration.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Every year, Limited Liability Companies and Corporations must submit the accounts of their administrators to their partners\/shareholders [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1679,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[18],"class_list":["post-1150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticia","tag-societario-e-mercado-de-capitais"],"acf":[],"_links":{"self":[{"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/posts\/1150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/comments?post=1150"}],"version-history":[{"count":2,"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/posts\/1150\/revisions"}],"predecessor-version":[{"id":1986,"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/posts\/1150\/revisions\/1986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/media\/1679"}],"wp:attachment":[{"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/media?parent=1150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/categories?post=1150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devivo.letsite.com.br\/en\/wp-json\/wp\/v2\/tags?post=1150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}