(abbreviation or ; literal translation: “company with limited liability”) is a Slovak law business entity, the legal structure for a private limited liability company."Private limited liability company" is used by Ministry of Justice as English translation of spoločnosť s ručením obmedzeným, see Business Register It is the rough equivalent of United States LLC and United Kingdom (and certain Commonwealth countries) Ltd. It is regulated under § 105 – 153 of Act. No 513/1991 Coll. (Commercial Code as amended).Zákon č. 513/1991 Zb. – Obchodný zákonník (in Slovak)
It is very popular form of business organization due to ensurance of limited liability in exchange for a relatively small investment into the registered capital. From one to 50 associates can found it through a founding agreement with minimum registered capital of €5000, minimum €750 per person, in money or other property.
Examples of companies Elnec s.r.o. ESET, spol. s r.o. Glass LPS, s.r.o. JetBrains, s.r.o.
See also in Czech Republic společnost s ručením omezeným
References