Limited liability company

The Swiss limited liability company, known as GmbH, Sàrl or Sagl, combines elements of a corporation and a personal company. It has legal personality, quota capital and registration in the commercial register. Members are identified in the register, which makes the form more transparent than many companies limited by shares. Liability for company debts is generally limited to company assets, though members may have contribution or ancillary duties under the articles. The form is popular for SMEs because governance is flexible and capital requirements are moderate.