Srl

Srl, often written SRL, is an acronym used in several jurisdictions to designate a private limited liability company. The form limits owners' liability to their contributed capital and generally keeps the company separate from its owners. In many places, SRLs are not publicly traded, and transfers of ownership are subject to restrictions or approvals.

Although the exact rules vary, common features include a separate legal personality, the ability to own assets and enter contracts, and liability limited to capital contributions. Governance is typically by managers or directors elected by the members, with day-to-day management often entrusted to one or more administrators.

Italy uses the term Società a responsabilità limitata (SRL). It is a widely used private company form. Formation requires an incorporation deed and registration with the business register. The standard minimum capital is 10,000 euros, with at least 25% paid up at formation. There can be a one-person version (SRL unipersonale), and a simplified form (SRL semplificata) with lower capital and some governance constraints.

In Romania, SRL stands for Societate cu răspundere limitată and is the most common private company form. It provides limited liability to its owners and is attractive for small and medium-sized enterprises. It is not a public company, and its governance is by one or more administrators or managers, with rules set by the Companies Law.

The SRL designation is also used in many Spanish-speaking countries (Sociedad de Responsabilidad Limitada) and elsewhere, sometimes with national variations in capital requirements and governance. For precise implications, consult local corporate law.