The legal representative of a company is a person who has the legal recognition to act on behalf of another natural or legal person. In the case of a natural person, the representative shall perform the functions of a representative; Whereas in these cases, in the case of a legal person, the representative may be the manager or director of the company. To be an authorized representative of a person, the conditions must be that the person must be primarily over 21 years of age, that he must have a direct relationship with the person, that is, he must be of one of these parents, spouses, ascendants or later and accessory up to the fourth degree and by affinity up to and including the second degree. For example, the law does not allow lawyers to act as directors of the company and make completely autonomous, arbitrary and non-consensual decisions with the rest of the directors or agents. They could also have legal problems if the agent makes decisions that go beyond the powers conferred on him. Thus, the notary will draft the certificate according to the actions that the client wishes to perform. To that end, it must first examine whether the parties are in a position to do so and whether the act for which it is to act is valid, lawful and possible. In general, the legal representative is the same director of the company who ensures the legal representation and the operational and financial management of the company, but this is not always the case. In this case, before the SII, the functions of the legal representative are: According to the Internal Revenue Service (SII), the requirements for being a legal representative are: the powers of the representative of a company depend in any case on the type of formalized power of attorney.
Depending on the characteristics of the document, the extent of its capabilities (for certain issues) may be or general. It is necessary that the legal representative has a thorough knowledge of all the obligations and responsibilities of the company in order to avoid future legal or financial problems. In this way, it becomes easier to have adequate control over all activities and to see for the interests of the company. As for the risk of proxies, it is usually quite residual, compared to the liability of corporate directors, which is provided for by legislation. However, in the case of attorneys general, there is a risk of assuming the functions of so-called de facto director, which, if proven, would imply the application of the responsibilities set out in section 236.3 of the Capital Companies Act. As already mentioned, the figure of the agent of a company in the commercial sector is known for its multiple advantages. By issuing a special or general power of attorney, certain persons are authorized to act appropriately in operational matters related to the day-to-day operation of the company. Legal representation is how companies comply with their contractual, financial and legal obligations.
The organization and management of the company in its relations with third parties (signing contracts, maintaining bank accounts, customers, suppliers, etc.) and internal affairs (employees, partners, etc.). According to ChileCompra, more than 120,000 companies are registered on the public market. The documents must be certified with the Chilean Ministry of Foreign Affairs, a fundamental step to prove the authenticity and legal validity of the document in Chile. It is important that the person to whom power will fall back has full confidence in the procuring entity, as he gives it the power to perform one or more procedures on its behalf. Regardless of the type of business you have, any company that wants to start operations in Chile must have a legal representative registered with the Internal Revenue Service. However, being a legal representative means more. A legal representative is also responsible for the consequences of the company`s actions. Therefore, the work involves considerable risk. Changing the legal representative follows the same steps as your initial order. Once the partners have approved the change, the following steps should be followed: How many legal representatives can there be in a company? Accordingly, all Chilean or foreign natural persons who reside abroad and wish to receive RUTTs and wish to start their activities in Chile must appoint a legal representative (or a representative residing or residing in Chile).