Big companies have until February

[NewsWhore]

The Chamber of Deputies approved an extension through February 2011 of the deadline for large companies to adjust to new changes to continue operating under the corporation figure -- SA or C por A modalities. Companies converting to Limited Liability Companies (SRL) or Limited Liability Individual Business (EIRL) need to complete the process by December 2010. Companies that fail to do so may have difficulties with banks and the government itself as of January 2011. The Law of Commercial Societies is in operation since April 2009. Law 479-08 in English can be read at

http://www.drlawyer.com/dominican-legal-news/company-law-enacted.html

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