Société à responsabilité limitée

In France and other French-speaking countries, a société à responsabilité limitée (French pronunciation: [sɔsjete a ʁɛspɔ̃sabilite limite], abbreviated as SARL, S.à r.l. [ɛsaɛʁɛl] ⓘ and roughly translatable in English as "private limited company") is a type of business corporation where the liability of the members does not extend beyond the capital already contributed. Because of its limited liability and separate legal personality, it is closely comparable to a private limited company.

The term SARL first arose out of a statute dated May 23, 1863, but at that time, it referred to a form of joint-stock company unrelated to the modern SARL.

The current SARL was developed in Germany as the Gesellschaft mit beschränkter Haftung by an 1892 Bill. The SARL has been a legally recognized corporate structure in France since 1925.

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