Exclusive to A.M. Costa Rica
All organizational structures in Costa Rica should have company legal books. Sometimes neglectful notaries do not prepare them for clients as they should when they create a company. In other cases, notaries want to keep them for their clients saying they need them handy to make legal movements as laws change.
The truth is, it really comes down to legal fees. Legal professionals charge handsomely to act as custodian of a company’s books. In this day and age, especially now after the National Registry changed its position on online board meetings, people should keep their own books. There have been cases where unscrupulous notaries have taken advantage of their custodianship to manipulate clients, even embezzling property when someone dies.
Why should people manage their books? Here are some good reasons: [Read more…]