The simplified limited liability company (S.r.l.s.) is a form of “S.r.l.” recently introduced to encourage entrepreneurship.

The shareholders of an “S.r.l.s.” may only be individuals (natural persons), not companies or other bodies. The S.r.l.s. may also be composed of a single shareholder. Unlike the “ordinary S.r.l.” there is a minimum share capital of €1, up to a maximum of €9,999.99. The capital must be fully paid in cash to the administrative body at the time the company incorporation.

The memorandum of association must be drafted as a public deed by a notary in accordance with a standard model prescribed by law. Therefore, there are no “articles of association” in a technical sense; there are only standard clauses indicated in the fixed standard model (prescribed by law).

No notarial fees are due to the notary.