This paper describes a numerical study of the behavior of exposed base plates of columns under the action of axial and bending loads. The aim of this research is to evaluate numerically the failure mechanisms on stiffened and non-stiffened base plates and propose a new design method. The effects of base plate thickness, location of anchor rods, location of stiffeners and tensile strength of anchor rods were considered in the analysis. Sixteen finite elements simulations were performed considering different combinations of the above mentioned parameters. The results show a fragile response in the base plates when high resistance anchor rods are used. The anchor rods worked as fuse elements in base plates with a large thickness or many stiffeners. Additionally, the models with anchor bars located outside of the column flanges showed lower flexural strength and rotational stiffness compared to the models with anchor rods located between column flanges. The simulations showed that the base plate strength was determined by the simultaneous failure mechanisms of two or more components, different to what is stated in current design guides. Finally, the new method is suitable to design base plates with stiffened and not stiffened configurations, which unlike traditional design methods, show a good adjustment with numerical models.