Corporate Newsletter | Approval of Accounts – 2026

Under Brazilian corporate law, quotaholders of limited liability companies and shareholders of corporations are required, within four months following the end of the fiscal year, to meet in an annual quotaholders’ meeting or annual general meeting, as applicable, in order to:

(i) review the management accounts;

(ii) resolve on the balance sheet and income statement or, as applicable, the financial statements;

(iii) resolve on the allocation of net profits for the fiscal year and the distribution of profits/dividends, if any; and (iv) appoint managers, when applicable.

In most Brazilian companies, whether limited liability companies or corporations, the fiscal year coincides with the calendar year, beginning on January 1 and ending on December 31. In such cases, the annual quotaholders’ meeting or annual general meeting must be held by April 30 of each year.

It is important to note that companies must take certain preparatory steps prior to holding the annual quotaholders’ meeting or annual general meeting. These requirements vary depending on the type of entity, the provisions of the articles of association/bylaws, and the specific characteristics of the company (e.g., shareholders’ equity, total assets, gross revenue, and number of quotaholders or shareholders). Such steps may include the audit and/or publication of financial statements, publication of notices to shareholders, and the formal call notice for quotaholders/shareholders’ meetings, among others.

Our Corporate team remains available to assist with the preparation of the minutes of the annual quotaholders’ meeting or annual general meeting, as applicable, and to address any further questions you may have.