Sociedad limitada formacion sucesiva

New company limited liability company

A corporation of a commercial nature, without minimum capital, with the same regime as that of a limited liability company, except for certain obligations aimed at guaranteeing adequate protection of third parties (for example, limits on the remuneration of partners and directors or joint and several liability of the partners in the event of

In the event of liquidation, voluntary or compulsory, if the assets of the company are insufficient to meet the payment of its obligations, the partners and directors of the company will be jointly and severally liable for the payment of the minimum capital amount established in the Law (3,000 euros).

It is free between partners, as well as in favor of the partner’s spouse, ascendant or descendant, or in favor of companies belonging to the same group as the transferor, provided that there is no contrary provision in the bylaws.

With the sending of the completed DUE through the Internet, the telematic processing begins. From this moment on, the telematic processing system (STT-CIRCE) sends to each body involved in the process the part of the DUE that corresponds to it so that it can carry out the procedure within its competence.

Legal form

The Sociedad Limitada de Formación Sucesiva is a type of limited company, with which it is not necessary to have the minimum share capital generally required. It was born with the Law of support to entrepreneurs and their internationalization of 2013, with the aim of making the creation of a company cheaper.

It is therefore a very advantageous type of company if you do not have at the moment the 3,000 euros to create it, but that its special characteristics will force you to take special measures not only when creating it, but also when distributing the profits.

That is why we at Txerpa Asesoría Online wanted to create this guide on the Successive Formation Limited Company, since our advisors are experts in the creation of this type of mercantile companies. Take note!

Unlike any other company, the minimum capital of the successive formation SL can be from 1 euro to 2,999 euros, either in goods or money. The difference is that at the time of incorporating the company, it will not be necessary for the partners to contribute the minimum capital required, being able to do it little by little. Thus, when the 3,000 euros are reached, the company will become an SL like any other.

Types of companies in spain

The regime will be identical to that of the Limited Company, where it is necessary to contribute a minimum initial capital of 3,000 euros for its incorporation. However, the SLFS must comply with a series of specific obligations in order to guarantee the protection of third parties in their financial, labor and commercial relations.

In this way, the regulations governing this form of commercial company are included in the amendments indicated in the Law of Support for Entrepreneurs and their Internationalization to the revised text of the Capital Companies Act, approved by Royal Legislative Decree 1/2010, of July 2, 2010.

What is the Successive Formation Limited Company? It is a commercial company that is governed in an identical way to the Limited Company but for which it is not necessary to pay a minimum share capital.

In the meantime, it will be subject to certain limits and obligations aimed at encouraging these companies to be able to grow through self-financing by investing the results of the activity in the company itself.

Central commercial register

Companies whose legal form is the Sociedad Limitada de Formación Sucesiva (Successive Formation Limited Company) bear the acronym SLFS. One thing that distinguishes these companies from a limited liability company is the duty to comply with certain obligations that guarantee the protection of third parties in their labor, commercial and financial relations.

A director can be appointed for an indefinite term and the administrative body can be organized in different ways without the need to change the bylaws. As in all Limited Liability Companies, the liability of the partners for debts is limited to their contribution to the capital.