Types of Business Entity - Spain

Spain

  • S.A. (Sociedad Anónima): ≈ plc (UK), minimum capital €60,101.21
  • S.A.D. (Sociedad Anónima Deportiva): a limited liability sports corporation
  • S.L. (Sociedad Limitada): ≈ Ltd. (UK), minimum capital €3,012
  • S.L.L. (Sociedad Limitada Laboral): a labour limited corporation
  • S.L.N.E. (Sociedad Limitada Nueva Empresa): similar to S.L., it was introduced in 2003 to speed up new company registration (registration can be completed in one day), minimum capital €3,012
  • S.C. (Sociedad Colectiva): roughly a general partnership
  • S.Cra. (Sociedad Comanditaria): roughly a limited partnership
  • S.Coop. (Sociedad Cooperativa): a cooperative that typically is owned and democratically controlled by its workers
    • Other initialisations are used for cooperatives; Sociedad Anónima Laboral (SAL); some are region specific e.g. Sociedad Cooperativa Catalana Limitada (SCCL)

Read more about this topic:  Types Of Business Entity

Famous quotes containing the word spain:

    Heroic ages are not and never were sentimental and those daring conquistadores who conquered entire worlds for their Spain or Portugal received lamentably little thanks from their kings.
    Stefan Zweig (18811942)