Small Limited Company

SOCIEDAD LIMITADA (S.L.) – the preferred option for family businesses or medium-sized investments, with closed groups of shareholders.
 
Minimum capital is 3.000€, which must be totally paid in.
 
As with larger companies, liability of shareholders is limited to their capital contribution.
 
Sociedades Limitadas are subject to fewer controls than Sociedades Anónimas. They are not normally audited, and the contribution in cash is not subject to an expert’s report.
 
The transfer of shares is normally restricted, and other conditions may be imposed, for example directors may have limits placed on their freedom to participate in other companies.
 
A Sociedad Limitada cannot be quoted on the stock exchange.