Las sociedades por acciones simplificadas perjudican al derecho societario ecuatoriano.

Abstract

The implementation of the new type of company known as simplified joint stock company because of the legal reform of 2020 has ushered in an era of changes in Ecuadorian corporate law. This type of company, mostly known in Latin America, was created to provide a legalization option to small businesspersons who did not have the possibility of regulating themselves due to the expenses and processes involved in the opening of a company. It offers several benefits in relation to the contribution, the number of partners, the type of activities, the process and its regulation. However, being a relatively new type of company within the international and national corporate system, it has not yet been possible to demonstrate its true efficiency in the long term, since the benefits obtained have been directly short term. That is why there is a great legal vacuum that does not allow demonstrating how the simplified joint stock company harms what we know as corporate law because its practices are radically different from those that have been engaged in recent decades.