''Società a responsabilità limitata'' (S.r.l. or srl) is a kind of legal corporate entity in

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...

, which literally means (but is not entirely equal to)

limited liability company A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability ...

. It has a similar form to ''società sportiva dilettantistica a responsabilità limitata'' (S.s.d a r.l.) for amateur sports-related companies and their corresponding regulations: article 90 of the Italian Law №289 of 2002. Differing from ''

società per azioni ''Società'' ( Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961. History and profile ''Società'' was founded as a quarterly magazine in Florence in 1945. The founders were Ranuccio Bianc ...

'' (S.p.A.), S.r.l. may not issue shares that have par value, but only the quota ( it, quote) or units of the share capital. Moreover, the articles of association of S.r.l. allowed different allocations of profits and assets, which was more comparable to a

limited partnership A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited ...

. A fourth form of corporate entity, "''società cooperativa a responsabilità limitata''" (S.c.r.l. or S.c. a r.l.), was seen in the

cooperative A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-contro ...

s of Italy.

References

{{DEFAULTSORT:Societa a Responsabilità Limitata Legal entities Types of business entity