The Principality has issued a new law on companies, which came to light a new kind of company SARL (socie'te 'a `resposibilite' limite'e). Earlier, Monaco had 3 forms of companies: two kinds of partnerships with unlimited liability (SNC and SCS) and a limited company (SAM), with a fairly rigid structure.
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Date: Fri, 13 Feb 2009 Time: 11:22 AM