Starting a company on a an Argentine friends D.N.I

[nikad]

Monotributo category is for individuals NOT companies, there will be only one person registered then, I am not sure if this will work for you. You can try to get your own CUIT and register as monotributista, some people without DNI are able to get it.

 

[PVG1975]

Be careful with monotributista status, since you can only invoice a certain amount of money when issuing "facturas C".

Why dont you explore the possibility of creating an SRL (sociedad de responsabilidad limitada) or a SA (sociedad anonima), which equals to an LLC in the US for the SRL and a CORP for a SA, ask your friend to be the manager of the company with a 5% interest on it, and you hold a certificate for the other 95%?

As monotributista, Sophia will own the entire business. Do not contact a lawyer, what you need is an accountant.

Take care.

 

[PVG1975]

Oh, and you do not need a DNI for holding a SA (sociedad anonima) stock certificate. You should consider also that an S.A. will cost about $1000 (pesos) per month, for the accountant and the SA fees, but if your business goes fine, you can issue shares, dilute stock, etc... same than a CORP or S-CORP in the US.

 

[citygirl]

we pay closer to 1000 dollars a month for our accounting fees for our srl, etc but it's probably a bigger operation that you have planned.

with an sra or srl, you will need to have someone with residency be a director.