Mexico SRL

S. de R.L. is one of the most common legal entity forms in Mexico, it is a form of a joint ownership company, which means that all shareholders collectively own the company. Its full name is Sociedad de Responsabilidad Limitada, which means Limited Liability Company. S. de R.L. does not require public participation in the market. It must designate a legal representative: its managers (gerentes) represent the company by law, and the deed of incorporation names who signs for it. It needs at least two shareholders and one director. Unlike company forms in other countries, in Mexico, S. de R.L. does not require locals to serve as directors, nor does it need a company secretary. There is no specific requirement for the minimum registered capital, but it is usually 3,000 Mexican pesos. S. de R.L. also does not require capital verification, which means that proof of company funds is not needed during the registration process. Overall, S. de R.L. is a flexible and simple legal entity form, suitable for small businesses and startups.