Societe e Responsabilite Limitee
Societe e Responsabilite Limitee : SARL (French: limited liability company") has features of both a corporation and a partnership. The number of partners cannot exceed 50. Partners may be either French or foreign. Partner liabilities are limited to the amount of their contribution, which may be in cash or in kind but not in skills. While shares may be freely traded among partners, they may not be transferred to third parties without majority agreement of partners represenating at least 75 percent of the capital