A mercantile company formed by a limited number of partners whose capital is divided into equal, cumulative, and indivisible shares. Liability is limited to the capital contributed, so in the event of debt, there is no personal liability for the partners. Under the principle of limited liability of the partners to the amount of their contribution, it is dedicated to carrying out commercial activities.
« Back to Glossary IndexLimited liability company (LLC)
« Back to Glossary Index