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Sociedad de Responsabilidad Limitada

LIMITED LIABILITY COMPANY.

The limited liability company is one in which social obligations are guaranteed by a given capital divided into shares of participation, which may not be represented in any case limited by shares or marketable securities.

FEATURES:

• legal personality: the S.RL. not countenance itself, ie, their rationale can be found in other types of companies either personal or capitalist.


• The partners' liability is limited to the capital contributed by each.


• limited liability companies may not become a huge capital of bolivares twenty thousand nor more than two million bolivars.


• The founding capital is divided into shares.

SOCIAL CAPITAL.
The capital of the company, depends on the willingness of the parties, that is, they will decide how much social capital will be made, but as required by the code of commerce in the art. 315. The capital is divided into shares of participation, which are a unitary set of rights and powers given to the legitimate holder to participate in society.

DISSOLUTION AND LIQUIDATION OF THE COMPANY.

For

• seizable agreement or general meeting.


• For non-exercise of the activity constituting the corporate purpose for three consecutive years.


• Any other cause established in the statutes.

ADVANTAGES AND DISADVANTAGES.

• economic Limitation of Liability of partners.

free
• names.


• there no minimum or maximum share capital partners.


• unlimited partners.


• Slow and expenses of the process of incorporation.

Obligation to keep accounts
• formal.


• No freedom to deliver the shares.


• can not go public.


• can not issue bonds