Ecuadorians are formal when engaged in business relations. Suits and ties are the norm. Business meetings are conducted in offices or restaurants, the latter often used in order to get better acquainted with a potential working partner.
Meetings normally start somewhat after the appointed time.
Americans should be punctual. Small talk usually precedes discussion of business. With regard to social courtesies, Ecuadorians are very polite and well mannered. Business is conducted in Spanish. Efforts by Americans to speak Spanish are appreciated.