Explore your options to get an entity health check in Colombia for your own business, or an existing company you may be planning to buy. A complex system of regulations, laws and licenses could be a factor not to buy an existing company without ensuring its status first. Additionally, you may be considering company formation in Colombia. Biz Latin Hub can help you organize this, as we are experts in local regulations. An entity health check in Colombia performed by professionals allows you to relax and concentrate on what you do best – growing your business.
Key Takeaways
| Types of entity health check in Colombia | There are two main types of entity health checks. They typically focus on either the fiscal or legal condition of the company. |
| Reasons for an entity health check in Colombia | To enable executives to know how the business is being managed To reduce risks of penalties and negative reputation To reduce transaction risks |
| Necessity of entity health checks in Colombia | It is not a legal necessity in of itself, but it will help you make sure you are staying compliant. |
| Who conducts an entity health check in Colombia | It should be done by a fully independent auditor to ensure total neutrality. The auditor should also be well aware of Colombian company law. |
¿Qué es un chequeo de la salud de la entidad?
Los chequeos de salud de la entidad, también llamados informes de diligencia debida corporativa, son revisiones llevadas a cabo por auditores financieros y legales. Contratar a un proveedor externo especializado en el chequeo de la salud de las entidades proporciona seguridad comercial.
Los futuros propietarios de empresas pueden autorizar al proveedor a examinar los registros jurídicos, financieros y contables de una empresa.
La razón para comprobar el estado legal y fiscal de una organización es identificar si existe algún problema de incumplimiento que los inversores deban tener en cuenta antes de comprar una empresa existente. En un campo minado de normativas legales y contables, es sencillo que las organizaciones pasen por alto o simplemente ignoren las normas de cumplimiento.
¿Por qué debería hacerme un chequeo de salud de la entidad?
Las comprobaciones de la salud de la entidad realizadas por expertos le ahorrarán tiempo porque los auditores externos locales pueden obtener información rápidamente. Al comprar una empresa existente, los controles de salud en Colombia permitirán verificar que la parte vendedora tiene el título legal para vender la propiedad de todos los activos y que los asuntos reglamentarios y de litigios están totalmente cubiertos.
You can verify that there are no hidden financial problems and gain a more complete vision of the business’ legal status in the eyes of government authorities.
Tipos de comprobación de la salud de la entidad
There are two main types of entity health checks. They typically focus on either the fiscal or legal condition of the company.
Legal health checks
The legal health check focuses on reviews of commercial contracts, employment contracts, industry-specific regulations, and intellectual property protection. The industry your business operates within is also an important element for auditors to consider when conducting a legal entity health check in Colombia.
Particular industries carry additional and strict regulations that businesses must comply with; it’s important to know that your business is adhering to any additional industry-specific regulations.
Fiscal health checks
A fiscal entity health check will ensure that your accounts, social security payments, and taxes are consistent with regulations and give you information that will be valuable for your future choices and strategies.
Comprométase con auditores locales de confianza
Para obtener la seguridad que necesita del chequeo de la salud de su entidad en Colombia, póngase en contacto con un proveedor de servicios externo con una trayectoria de confianza y un profundo conocimiento de la normativa colombiana.
La experiencia local puede garantizar una mayor familiaridad con las normativas colombianas sobre sociedades y de otro tipo. Los auditores experimentados en verificación de entidades pueden proporcionar una revisión exhaustiva para las empresas multinacionales extranjeras que operan en Colombia.
Como empresa multinacional extranjera, también puede buscar un proveedor de servicios bilingües que pueda gestionar las barreras lingüísticas entre ustedes y las autoridades locales.
Preguntas más frecuentes sobre el chequeo médico de una entidad en Colombia
1. Why should you get an entity health check?
The main advantages of conducting an entity health check include:
To enable executives to know how the business is being managed
To reduce risks of penalties and negative reputation
To reduce transaction risks
2. What steps are there to an entity health check?
Carrying out a successful entity health check involves the following 3 key steps:
1. Information collection
When carrying out an entity health check, a large amount of information will have to be gathered. This will include collecting data from your company’s operations, legal, accounting, and administrative departments.
Note that a best practice many companies are adopting is the creation of a compliance or audit department, in charge of centralizing important company information, which eases this first step.
2. Information validation
Once gathered, the information goes through a validation process. In this step, an entity health check agent will review all the data and documents obtained, cross-reference it against primary sources where necessary, and otherwise seek to prove the veracity of all records being audited.
3. Record Keeping
Records of all the documents and evaluations made during your entity health check will not only be valuable for presenting to tax authorities in case of an inspection, but also during future entity health checks. In some cases, keeping such records is a legal obligation, due to laws desiged to prevent money laundering.
3. What happens in an entity health check?
Generally, an entity health check includes:
Evaluation of finances, social security payments, and other fiscal obligations
Examination and review of contracts signed with third parties
Review of corporate and accounting books
Review of monthly tax returns and tax statements
Review of upcoming renewals of certificates and policies
Preparation of financial statements
Review of balance sheets submitted at the closure of the fiscal period
4. Who can perform an entity health check in Colombia?
It should be done by a fully independent auditor to ensure total neutrality and ake sure everything is in accordance with the authorities.
Biz Latin Hub puede hacer el chequeo de salud de su entidad en Colombia
Biz Latin Hub se especializa en una gama completa de soluciones empresariales para empresas extranjeras en Colombia y la región latinoamericana en general. Nuestro equipo de expertos contables y jurídicos en Colombia tiene una amplia experiencia en la realización de comprobaciones periódicas de la salud de las entidades para las empresas que no están familiarizadas con la legislación local de cumplimiento.
Asóciese ahora con los especialistas legales y contables de Biz Latin Hub en Colombia para garantizar que su empresa pueda cumplir plenamente con la normativa colombiana.
Póngase en contacto con nosotros hoy mismo para una consulta.
Obtenga más información sobre nuestro equipo y autores expertos.
