La palabra del día: Sociedad de Responsabilidad Limitada

Feminine noun. SRL is a type of company in which the responsibility of each of its partners is delimited by the capital that they have contributed to it.
The capital of a limited company is divided into participaciones and not acciones as in a sociedad anónima. Contrary to what happens with the acciones of the sociedades anónimas, in a sociedad de responsablidad limitada the participaciones are personal and cannot be traded. The contributions of the partners in this type of company are said to be social, indivisible and accumulative. The SRL is usually the tipo de sociedad chosen by family firms. dc