شركة المسؤولية المحدودة

Abstract EN

the The limited liability company is considered the closest type of business corporation company to a partnerships company, because it mostly consists between partners who have a relationship based on truest like the family members and friends, and it is not open to the general public.

It was established for the first time in Germany in 1892, and then the French legislator adopted it according to the law of March 07, 1925, whereas the Algerian legislator did not adopt this type of company until after promulgating law no.

27-96 on December 09, 1996, where the Algerian legislator allowed the partners to establish a limited liability company and practice trade through it and share the profits, without the partner being responsible for its loses and debts except to the extent of his share in its capital.