Besloten vennootschap
A besloten vennootschap (Dutch pronunciation: [bəˈsloːtə(ɱ) ˈvɛnoːtsxɑp], lit. "private partnership"; besloten vennootschap met beperkte aansprakelijkheid, lit. 'closed company with limited liability', abbr. bv) or société à responsabilité limitée (SRL) is the Dutch and Belgian version of a private limited liability company. The company is owned by shareholders; the company's shares are privately registered and not freely transferable.