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A société à responsabilité limitée ('''[[SARL]]''' and variations thereof; lit. | {{a|entity|}}A société à responsabilité limitée ('''[[SARL]]''' and variations thereof; lit. “society with limited responsibility”) is [[legal entity]] in the form of a private company, mainly in French-speaking countries, such as [[France]], [[Luxembourg]], [[Monaco]], [[Algeria]], [[Morocco]], [[Tunisia]], [[Madagascar]], [[Lebanon]], and [[Switzerland]] (where it is also designated, in German, by [[GmbH]]). | ||
One of the primary advantages of a [[SARL]] is limited liability; an owner or other investor in the company cannot be liable for more than they have contributed to the company’s capital. In this respect, a SARL is largely equivalent to a British [[Limited company|limited company]] or American [[limited liability company]]. | One of the primary advantages of a [[SARL]] is limited liability; an owner or other investor in the company cannot be liable for more than they have contributed to the company’s capital. In this respect, a SARL is largely equivalent to a British [[Limited company|limited company]] or American [[limited liability company]]. | ||
Latest revision as of 13:30, 14 August 2024
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Legal Entities of the World™
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A société à responsabilité limitée (SARL and variations thereof; lit. “society with limited responsibility”) is legal entity in the form of a private company, mainly in French-speaking countries, such as France, Luxembourg, Monaco, Algeria, Morocco, Tunisia, Madagascar, Lebanon, and Switzerland (where it is also designated, in German, by GmbH).
One of the primary advantages of a SARL is limited liability; an owner or other investor in the company cannot be liable for more than they have contributed to the company’s capital. In this respect, a SARL is largely equivalent to a British limited company or American limited liability company.