Société à responsabilité limitée
A société à responsabilité limitée (SARL, S.à r.l. and similar; lit. 'society with limited responsibility') is a form of private company that exists mainly in French-speaking countries, such as France, Luxembourg, Monaco, Algeria, Morocco, Tunisia, Madagascar, Lebanon, Switzerland (where it is also designated by GmbH or Sagl), and Belgium (where, since 1 May 2019, it is also designated by besloten vennootschap and abbreviated as SRL). The primary purpose of a SARL is to conduct commercial activity. Proprietary interests in a SARL are represented by shares.