High Quality Content by WIKIPEDIA articles! A Societe a responsabilite limitee, also known by the acronym SARL (sometimes SARL or Sarl), is a private limited liability corporate entity that exists in France, Switzerland, Luxembourg, Macau, Algeria, Morocco, Tunisia, and Lebanon and has commerce as its purpose. A SARL is a company whose liability is limited to the contributions of its members. Shares are not freely transferable, transfers require the agreement of all shareholders. A SARL is broadly equivalent to a private company limited by shares ("Ltd.") in the United Kingdom, and a corporation in the United States.

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