A société à responsabilité limitée (French pronunciation: [sɔsjete a ʁɛspɔ̃sabilite limite], abbreviated as SARL, S.à r.l.
'society with limited responsibility') is a form of private company that exists mainly in French-speaking countries, such as France, Luxembourg, Monaco, Algeria, Morocco, Tunisia, Madagascar, Lebanon, Switzerland (where it is also designated by GmbH or Sagl), and Belgium (where, since 1 May 2019, it is also designated in Dutch by besloten vennootschap or société à responsabilité limitée in French and abbreviated as SRL).
The primary purpose of a SARL is to conduct commercial activity.
In the Canadian province of Alberta, a similar corporate entity exists, known as "Société à Responsabilité Limitée" (SRL).
This entity is recognized under the Alberta Partnership Act, allowing free trade of SRL shares akin to Canadian LLP shares, without the restrictions of European SRLs.