Tag Archives: societies of limited responsibilities

Societies of Limited Responsibilities and Individual Enterprises of Limited Responsibilities

Societies of Limited Responsibilities

The societies of Limited Responsibilities are those formed by two or more persons by contributions of all partners, who don’t respond personally of the social debts. It is our personal believe that this will be the most commonly used form of company.
Particular Characteristics
  • Number of partners: minimum two (2) and maximum of fifty (50)
  • Social denomination: a fantasy name can be used or a trade name that will have to be preceded or followed by the words “Society of Limited Responsibilities” or the initials “SRL”. If this indication is omitted the partners will be jointly responsible in front of third parties.
Read full article