Limited Liability Company Legal Framework and Features
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Limited Liability Companies (Sociedad de Responsabilidad Limitada) are businesses created to have fewer partners, often maintaining a family character.
Key Features of Limited Liability Companies
According to Law 2/1995, both limited liability companies and anonymous (public limited) companies can be established with only one partner or more. The responsibility of the partners is limited to the capital contributed.
Capital Requirements and Share Structure
The capital is divided into shares, which are equally cumulative and indivisible. These shares represent the capital of a limited liability company; they cannot be joined, are not negotiable, and are not freely transferable. The minimum capital must be €3,005.06 and must be fully subscribed... Continue reading "Limited Liability Company Legal Framework and Features" »