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A Key Legal Obligation in the Life of a Company
The approval of the annual financial statements is a procedure provided for by the Commercial Code, whereby partners or shareholders validate the financial statements prepared at the end of the fiscal year and express their opinion on the management’s performance.
Annual financial statements generally include:
- the balance sheet
- the income statement
- ’the financial statements appendix.
This procedure applies to most business entities: SAS, SARL, SA, EURL, and SASU. The objective is threefold: to keep the shareholders informed of the company’s financial situation, to oversee the CEO’s management of the company, and to decide how to allocate net income (to retained earnings, dividends, or carried forward).
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A Key Legal Obligation in the Life of a Company
The approval of the annual financial statements is a procedure provided for by the Commercial Code, whereby partners or shareholders validate the financial statements prepared at the end of the fiscal year and express their opinion on the management’s performance.
Annual financial statements generally include:
- the balance sheet
- the income statement
- ’the financial statements appendix.
This procedure applies to most business entities: SAS, SARL, SA, EURL, and SASU. The objective is threefold: to keep the shareholders informed of the company’s financial situation, to oversee the CEO’s management of the company, and to decide how to allocate net income (to retained earnings, dividends, or carried forward).
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A Key Legal Obligation in the Life of a Company
The approval of the annual financial statements is a procedure provided for by the Commercial Code, whereby partners or shareholders validate the financial statements prepared at the end of the fiscal year and express their opinion on the management’s performance.
Annual financial statements generally include:
- the balance sheet
- the income statement
- ’the financial statements appendix.
This procedure applies to most business entities: SAS, SARL, SA, EURL, and SASU. The objective is threefold: to keep the shareholders informed of the company’s financial situation, to oversee the CEO’s management of the company, and to decide how to allocate net income (to retained earnings, dividends, or carried forward).
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A Key Legal Obligation in the Life of a Company
The approval of the annual financial statements is a procedure provided for by the Commercial Code, whereby partners or shareholders validate the financial statements prepared at the end of the fiscal year and express their opinion on the management’s performance.
Annual financial statements generally include:
- the balance sheet
- the income statement
- ’the financial statements appendix.
This procedure applies to most business entities: SAS, SARL, SA, EURL, and SASU. The objective is threefold: to keep the shareholders informed of the company’s financial situation, to oversee the CEO’s management of the company, and to decide how to allocate net income (to retained earnings, dividends, or carried forward).
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