Companies Act 19,550 · Article 185 — Benefits of promoters and founders
Benefits of promoters and founders (art. 185 LGS)
Article 185 limits compensation of promoters and founders.
What article 185
Article 185 limits compensation of promoters and founders.
Official text · Act 19,550, art. 185
Promoters and founders may not receive any benefit impairing company capital; any agreement to the contrary is void. Their compensation may consist of up to 10% of profits for no more than ten financial years in which distributions are made.
Source: Law 19,550, art. 185 — InfoLEG (updated official text)
Commentary
The rule protects capital integrity and permits compensation only from distributed profits within defined limits.
This page is informational and does not constitute legal advice nor replace professional consultation. It quotes the official text of the rule; for its application to a specific case, consult a licensed professional.
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