S.A REQUIREMENTS
• The minimum number of members is 1.
• The responsibility is shared between
partners and limited to capital
And that’s it.
• The minimum capital is €60,000 and
25% must be disbursed.
• An independent expert must
non-cash contributions, except for goods
Non-GAAP Measures
a quote or recent report).
• The administration office has a
maximum duration of 6 years.
• They can be quoted on the market of
They are supervised by the
National Market Commission
Values (CNMV)
S.L REQUIREMENTS
• The minimum number of members is 1 and
it has no upper limit.
• The responsibility of the partners is
It limits the capital contributed to the company and is not liable for the debts of the company.
the same with personal wealth.
• The minimum capital is 3.000€
Fully paid out and
divide into social shares.
• Contributions from partners can
be monetary (money) or in kind.
• Non-cash contributions are not
they have to be valued by a
independent expert.
• The position of administrator can
have an indefinite duration.
• You cannot trade on the market of
securities as well as issue shares or
Obligations
S.A ADVANTAGES
• The shares in which the
They’re easily
And that’s it.
• You can add as many partners
Investors as society wishes.
• The responsibility of the partners is
limit the capital and assets you have
the company and do not respond with their
personal wealth
S.L ADVANTAGES
• The procedures for the creation and
Maintenance of the society
relatively simple, as well as
the costs of incorporation.
• The responsibility of the partners is
limit the capital and assets you have
the company and do not respond with their
Private property.
• The minimum share capital is very
low compared to the rest of
mercantile companies.
• The number of partners can be one and
a limited company
single-person
S.A DISADVANTAGES
• The procedures for the constitution and
Maintenance of the society
more complex and expensive than the
of the Limited Company.
• The minimum share capital is more
About the Company Limited
it demands 60,000 euros, even if only
15.000€ at the time of creating the
Society
S.L DISADVANTAGES
• The social shares in the
that the Limited Company is divided
are not easily transmissible.
• Risk of “undercapitalization” to the
time to ask for funding, with
possible requirement of personal endorsements from partners.