Limited Liability Company (Sociedad de Responsabilidad Limitada)

This is another possibility to form a legal person in which the liability of the partners is strictly limited to their contribution amount. Personal characteristics in this figure are relevant and will prevail, in which the contribution can be given in both, goods or capital. If the contribution is a real 

estate, no difference in capital should be
given in case of depreciation.

Conditions and requisites S. de R.L.

•       Contributions can only be given in cash or goods.

•       Partners are not forced to pay any difference when the contribution is a real estate that suffers depreciation.

•       Partners will only respond till the amount of their contribution for company debts.

•       In order to exist, a minimum of two partners is required and a maximum of fifty.

•       To the name must follow the words “Sociedad de Responsabilidad Limitada"  (S. de R.L.)

•       The name will be formed by the name of one or more
partners, if it is not possible to include all the partners the
word “& Cia” will be included.

•       Partners can be entitled to get dividends not bigger than 9%
a year over their contributions under certain circumstances.

•       If established, the partners will give additional contributions
to their original contribution.

•       Every thousand pesos of contribution will represent one vote

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