Economic and accounting issues of the transformation of limited liability companies into cooperative entities

The Companies Structural Modifications Act (Ley 3/2009 sobre modificaciones estructurales de las sociedades mercantiles) has boosted the processes of companies’ transformation, since it has unified the regulatory dispersion existing up to that moment and has facilitated the transformation processes...

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Autores principales:	Emilio Mauleón Méndez, Carlos Mulet Forteza, Juana Isabel Genovart Balaguer
Formato:	article
Lenguaje:	EN ES
Publicado:	AECOOP Escuela de Estudios Cooperativos 2019
Materias:	Cooperativas Transformación Contabilidad de cooperativas Contabilidad de sociedades Transformación socialmente responsable Economía social. Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/3cc111dba4f84bcd869beb4e611f196a
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spelling	oai:doaj.org-article:3cc111dba4f84bcd869beb4e611f196a2021-11-12T13:14:36ZEconomic and accounting issues of the transformation of limited liability companies into cooperative entities1135-66181885-803110.5209/REVE.61932https://doaj.org/article/3cc111dba4f84bcd869beb4e611f196a2019-01-01T00:00:00Zhttp://revistas.ucm.es/index.php/REVE/article/view/61932https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031The Companies Structural Modifications Act (Ley 3/2009 sobre modificaciones estructurales de las sociedades mercantiles) has boosted the processes of companies’ transformation, since it has unified the regulatory dispersion existing up to that moment and has facilitated the transformation processes by law. In the present paper we will deepen in the processes of socially responsible transformation, in particular, in the transformation of a limited-liability company towards a cooperative. This transformation implies a change of attitude of the partner towards the company in which he participates. The partner changes from being a simple investor to becoming involved in the cooperative activity as the main actor of it. It can also affect the responsibilities of the partners and the structure of share capital. This and other substantial changes that will occur in the legal and economic framework of the entity that is transformed will bring consequences in the accounting plane. Therefore, once the economic and legal aspects of the transformation of the limited-liability company into a cooperative are detailed, we will analyze the accounting peculiarities that derive from the operation. We rely both on the substantive regulations of the two entities, as well as on current accounting regulations, specifically the General Accounting Plan, the Rules on accounting aspects of cooperative societies and the draft Resolution of the Institute of Accounting and Accounts Auditing that affects to these operations. We will analyze the singularities that will affect the balance of transformation, the consequences on the share capital of the partner separation who is not satisfied with the transformation, the accounting reclassification of the share capital and the accounting particularities that concern other items of capital resources from the limited-liability company to become a cooperative, such as reserve funds.Emilio Mauleón MéndezCarlos Mulet FortezaJuana Isabel Genovart BalaguerAECOOP Escuela de Estudios CooperativosarticleCooperativasTransformaciónContabilidad de cooperativasContabilidad de sociedadesTransformación socialmente responsableEconomía social.Economics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 129, Iss 0, Pp 183-208 (2019)
institution	DOAJ
collection	DOAJ
language	EN ES
topic	Cooperativas Transformación Contabilidad de cooperativas Contabilidad de sociedades Transformación socialmente responsable Economía social. Economics as a science HB71-74
spellingShingle	Cooperativas Transformación Contabilidad de cooperativas Contabilidad de sociedades Transformación socialmente responsable Economía social. Economics as a science HB71-74 Emilio Mauleón Méndez Carlos Mulet Forteza Juana Isabel Genovart Balaguer Economic and accounting issues of the transformation of limited liability companies into cooperative entities
description	The Companies Structural Modifications Act (Ley 3/2009 sobre modificaciones estructurales de las sociedades mercantiles) has boosted the processes of companies’ transformation, since it has unified the regulatory dispersion existing up to that moment and has facilitated the transformation processes by law. In the present paper we will deepen in the processes of socially responsible transformation, in particular, in the transformation of a limited-liability company towards a cooperative. This transformation implies a change of attitude of the partner towards the company in which he participates. The partner changes from being a simple investor to becoming involved in the cooperative activity as the main actor of it. It can also affect the responsibilities of the partners and the structure of share capital. This and other substantial changes that will occur in the legal and economic framework of the entity that is transformed will bring consequences in the accounting plane. Therefore, once the economic and legal aspects of the transformation of the limited-liability company into a cooperative are detailed, we will analyze the accounting peculiarities that derive from the operation. We rely both on the substantive regulations of the two entities, as well as on current accounting regulations, specifically the General Accounting Plan, the Rules on accounting aspects of cooperative societies and the draft Resolution of the Institute of Accounting and Accounts Auditing that affects to these operations. We will analyze the singularities that will affect the balance of transformation, the consequences on the share capital of the partner separation who is not satisfied with the transformation, the accounting reclassification of the share capital and the accounting particularities that concern other items of capital resources from the limited-liability company to become a cooperative, such as reserve funds.
format	article
author	Emilio Mauleón Méndez Carlos Mulet Forteza Juana Isabel Genovart Balaguer
author_facet	Emilio Mauleón Méndez Carlos Mulet Forteza Juana Isabel Genovart Balaguer
author_sort	Emilio Mauleón Méndez
title	Economic and accounting issues of the transformation of limited liability companies into cooperative entities
title_short	Economic and accounting issues of the transformation of limited liability companies into cooperative entities
title_full	Economic and accounting issues of the transformation of limited liability companies into cooperative entities
title_fullStr	Economic and accounting issues of the transformation of limited liability companies into cooperative entities
title_full_unstemmed	Economic and accounting issues of the transformation of limited liability companies into cooperative entities
title_sort	economic and accounting issues of the transformation of limited liability companies into cooperative entities
publisher	AECOOP Escuela de Estudios Cooperativos
publishDate	2019
url	https://doaj.org/article/3cc111dba4f84bcd869beb4e611f196a
work_keys_str_mv	AT emiliomauleonmendez economicandaccountingissuesofthetransformationoflimitedliabilitycompaniesintocooperativeentities AT carlosmuletforteza economicandaccountingissuesofthetransformationoflimitedliabilitycompaniesintocooperativeentities AT juanaisabelgenovartbalaguer economicandaccountingissuesofthetransformationoflimitedliabilitycompaniesintocooperativeentities
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Economic and accounting issues of the transformation of limited liability companies into cooperative entities

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