Gesellschaft mit beschränkter Haftung · limited liability company
GmbH in German, Sàrl in French, Sagl in Italian: the limited liability company is the preferred form of Swiss SMEs, with a minimum nominal capital of 20,000 francs. In English the abbreviation stays as registered, never Ltd.
Request a demoThe term in four languages
- German
- Gesellschaft mit beschränkter Haftung
- French
- société à responsabilité limitée
- Italian
- società a garanzia limitata
- English
- limited liability company
Definition
A limited liability company is a company with separate legal personality and a personal character, in which one or more persons or commercial enterprises participate. Its nominal capital is specified in the articles of association, and it is liable for its obligations only to the extent of its own assets. The nominal capital must amount to at least 20,000 francs. The articles of association may require company members to make additional financial and material contributions.
Swiss federal acts are published in German, French and Italian, and all three versions are equally authoritative. The English term shown here comes from the Federal Administration's English translation, published on Fedlex for information only. Where there is no translation, it follows common usage.
Full glossaryThe term in an official text
powered by Neur.onDie Gesellschaft mit beschränkter Haftung ist eine personenbezogene Kapitalgesellschaft, an der eine oder mehrere Personen oder Handelsgesellschaften beteiligt sind. Ihr Stammkapital ist in den Statuten festgelegt. Für ihre Verbindlichkeiten haftet nur das Gesellschaftsvermögen.
A limited liability company is a company with separate legal personality in which one or more persons or commercial enterprises participate. Its nominal capital is specified in the articles of association. It is liable for its obligations to the extent of the company assets.
Source: Fedlex, Code of Obligations. In Corrext, this segment and the ones around it appear in Fast lookup CHnell, each with its reference.
Related terms
A company that is liable for its obligations only to the extent of its own assets.
Handelsregister · commercial registerThe public register that records Swiss legal entities.
Statuten · articles of associationA company's founding document, which sets out in particular its business name, seat, objects and capital.