SARL meaning in Business ?

Answer:

What is Société à responsabilité limitée mean?

A société à responsabilité limitée (SARL, S.à r.l. and similar; literally "society with limited responsibility") is a form of private company that exists mainly in French-speaking countries, such as France, Luxembourg, Monaco, Algeria, Morocco, Tunisia, Madagascar, Lebanon, Switzerland (where it is also designated by GmbH or Sagl), and Belgium (where, since 1 May 2019, it is also designated by besloten vennootschap and abbreviated as SRL). The primary purpose of a SARL is to conduct commercial activity.

Proprietary interests in a SARL are represented by shares. They are not freely transferable; unless the intended recipient is a spouse, descendant, or other close relative, transfers require the agreement of half of the shareholders (since Ord. 2 mars 2004).

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.

reference

Full Form	Category
Spencer Art Reference Library	Academic & Science
Société à responsabilité limitée	Business
Société A Responsabilité Limitée	Business
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State Ag and Rural Leaders	General
Straits Asia Resources Limited	General
Sociedade Anónima de Responsabilidade Limitada	General
Suvarnabhumi Airport Rail Link	General
Selve Automobilwerke Gmbh	General
Sinnhuber Aquatic Research Laboratory	Medical
Sarkaria Arthropod Research Laboratory	Medical
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South Australian Rugby League	Regional
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