Legal

In Spain, a limited liability company or limited company (formally designated with the initials SL) is a type of commercial company, provided for in Spanish regulations, in which liability is limited to the capital contributed (capital company), and Therefore, in the event that debts are contracted, the personal assets of the partners are not liable. It is regulated in the revised text of the Capital Companies Law, approved by Royal Legislative Decree 1/2010, of July 2.