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A société à responsabilité limitée ('''[[SARL]]''' and variations thereof; lit. "society with limited responsibility") is {{tag|legal entity}} in the form of a private company, mainly in French-speaking countries, such as {{tag|France}}, {{tag|Luxembourg}}, {{tag|Monaco}}, {{tag|Algeria}}, {{tag|Morocco}}, {{tag|Tunisia}}, {{tag|Madagascar}}, {{tag|Lebanon}}, and {{tag|Switzerland}} (where it is also designated by [[GmbH]]). | {{a|entity|}}A société à responsabilité limitée ('''[[SARL]]''' and variations thereof; lit. "society with limited responsibility") is {{tag|legal entity}} in the form of a private company, mainly in French-speaking countries, such as {{tag|France}}, {{tag|Luxembourg}}, {{tag|Monaco}}, {{tag|Algeria}}, {{tag|Morocco}}, {{tag|Tunisia}}, {{tag|Madagascar}}, {{tag|Lebanon}}, and {{tag|Switzerland}} (where it is also designated 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]]. | ||
Revision as of 17:13, 21 September 2021
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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 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.