{"id":62822,"date":"2025-07-02T13:37:20","date_gmt":"2025-07-02T13:37:20","guid":{"rendered":"https:\/\/emprendix.com\/?p=62822"},"modified":"2025-07-03T07:26:27","modified_gmt":"2025-07-03T07:26:27","slug":"liability-of-the-administrator-of-an-sl-what-many-dont-realize","status":"publish","type":"post","link":"https:\/\/emprendix.com\/en\/liability-of-the-administrator-of-an-sl-what-many-dont-realize\/","title":{"rendered":"Liability of the Administrator of an SL: What Many Don’t Realize"},"content":{"rendered":"
At our Gestor\u00eda in Palma de Mallorca<\/strong><\/a>, we assist entrepreneurs every day who want to create an SL in Palma de Mallorca<\/strong><\/a>, convinced that the concept of “limited liability” fully protects them. Wrong: the corporate shield does not exempt the administrator from personal liability \u2014 even with their own assets \u2014 when breaching the law, company bylaws, or fiduciary duties.<\/p>\n If the SL incurs a legal cause for dissolution (e.g., losses that reduce net assets below half the share capital, prolonged inactivity, etc.), and the administrator fails to call a meeting within two months or file for insolvency, they will be jointly liable for subsequent debts.<\/p>\n The administrator may face imprisonment, fines, and disqualification if:<\/p>\n In such situations, having legal guidance from an experienced lawyer in Palma de Mallorca<\/strong><\/a> specialized in criminal and commercial law can be essential to properly face any investigation or legal proceedings. An administrator\u2019s legal defense should never be improvised.<\/p>\n If the company defrauds the tax authorities for more than \u20ac120,000<\/strong> per tax and fiscal year:<\/p>\n1. Why can the administrator be personally liable?<\/h2>\n
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2. Duties a responsible administrator should never ignore<\/h2>\n
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Common formal obligations<\/h3>\n
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3. Liability for company debts and cause for dissolution<\/h2>\n
4. Criminal liability: corporate crimes, tax fraud, and more<\/h2>\n
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Tax crime: the silent threat<\/h3>\n