The main differences between a Limited Liability Company (SL) and a Public Limited Company (SA) are:
| Characteristic | Limited Liability Company (SL) | Public Limited Company (SA) |
|---|---|---|
| Minimum capital | 1 euro | 60,000 euros |
| Transfer of ownership interests | Restricted (right of first refusal) | Free (tradable shares) |
| Stock exchange listing | No | Possible |
| Number of members | Minimum 1 | Minimum 1 |
| Cost of incorporation | Lower | Higher |
| Administrative management | Simpler | More complex |
For the vast majority of SMEs and startups, the SL is the most recommended legal form due to its simplicity, low cost, and suitability for companies with few members.