Mexico Corporation Do it yourself! The GUIDE! Guide to establish a business corporation in Mexico. In Mexico, according to the General Law of Business Corporations (Ley General de Sociedades Mercantiles) there are several types of business corporations. The guide includes the necessary legal requirements for two of them: a) Sociedad Anónima - S.A. (similar to a US corporation). b) Sociedad de Responsabilidad Limitada - S. de R.L. (similar to a US limited liability company). The reason of including merely these two forms of entities in the guide is that they are the most used and convenient under Mexican legislation. This, particularly because shareholders or partners in such entities, respond for the corporate obligations only to the extent of their contribution in the social capital, without being personally liable in case the corporation or company cannot fulfill with its commercial or monetary commitments (exceptions apply in the breach of certain tax obligations). The guide is intended to be a detailed summary of the essential legal and tax requisites to set up a corporation in Mexico. It is not substitute of Legal Counsel by licensed attorneys (Licenciado en Derecho) and licensed accountants (Licenciados en Contabilidad or Contadores). About Us Our credentials Not every Mexico Attorney is qualified to understand the needs of a foreign client. At Hernandez-Ojeda we are not only licensed to practice law in Mexico, we have been trained in top US and European Law schools. We are the number 1 firm you will find on the internet representing foreigners in Mexico. For bios of the partners of the firm please click on this link. Your Attorney in Mexico should be the most prepared professional on your team. Areas of Practice Contract, Business, immigration, Personal Injury - Mexico Just like in any other profession, your Attorney in Mexico MUST be a specialist. Over the years we have specialized in 5 areas of practice: Contract law, Real Estate law, Business law, Immigration law and personal injury law in Mexico.