or Srl) is a type of legal corporate entity in Italy, which literally means (but is not entirely equal to) 'limited liability company'.
[2] A fourth form of corporate entity, società cooperativa a responsabilità limitata (S.c.r.l.
Furthermore, the financial structure was quite limited, making the società a responsabilità limitata prone to the phenomenon of nominal undercapitalization.
This loan did not result in a capital increase and led the partner to play the dual role of a shareholder and a creditor.
This raises an interpretative issue regarding which legal framework to use to fill any gaps in the società a responsabilità limitata model.