Italy S.r.l.

S.r.l. is a legal entity in Italy, with the full name Società a responsabilità limitata, meaning limited liability company. It is a form of mixed ownership company, requiring at least one shareholder, and allowing both natural persons and legal entities to hold shares. S.r.l. does not participate in the public market, therefore it does not need to designate a legal representative, nor does it need to have local individuals serving as directors. Additionally, S.r.l. does not require a company secretary. According to Italian law, the registered capital of an S.r.l. is not less than 10,000 euros, although it may be set at one euro or more but below 10,000 euros where the contributions are made in cash and paid up in full. Furthermore, S.r.l. is not required to have its capital verified. In summary, S.r.l. is a flexible form of company suitable for small and family businesses.