Based in Luxembourg, Firminy Capital Sarl provides its clients with securitization services. Firms like Firminy Capital operate as a SARL, a type of business incorporation which benefits small companies and has capital requirements that are lower than other types of commercial firms.
The word SARL is an acronym for the French term “Societe a Responsabilite Limitee.” In order to qualify as a SARL in Luxembourg, a company must be private and have between one and 40 partners. Shareholders of a company designated as a SARL are only liable for capital up to the amount that they invested.
Management of a SARL is overseen by at least one business manager, who is appointed either by contract during the formation of the business or is chosen through a meeting of partners. Though a business can be designated as a SARL in several neighboring European countries, Luxembourg is the only country which allows an individual to assume the role of business manager. However, government employees and other civil servants are not permitted to assume the role.
The word SARL is an acronym for the French term “Societe a Responsabilite Limitee.” In order to qualify as a SARL in Luxembourg, a company must be private and have between one and 40 partners. Shareholders of a company designated as a SARL are only liable for capital up to the amount that they invested.
Management of a SARL is overseen by at least one business manager, who is appointed either by contract during the formation of the business or is chosen through a meeting of partners. Though a business can be designated as a SARL in several neighboring European countries, Luxembourg is the only country which allows an individual to assume the role of business manager. However, government employees and other civil servants are not permitted to assume the role.