A Limited society (SL) is one of the different legal forms under which companies can be established. It can also be called a Limited Liability Company or SRL. It is called this way because limits liability of the entrepreneurs to the amount contributed.

Unlike other legal forms, such as Anonymous society, it is not necessary to guarantee the payment of expenses and commitments with creditors with their own property rights. Furthermore, there does not need to be many partners to establish a business with this legal structure. In fact, there are single entrepreneur formulas also known as sole proprietorships.

He social capital It is the minimum contribution required by law that every capitalist partner of a limited liability company must make to establish the company as such. Once you have obtained the certificate of the name of your business, you can go to the bank to open an account in the name of your company in which to deposit the required capital. There is no maximum limit of euros and its minimum value used to be 3000 euros, although with the new law “Create and Grow” You can create an SL from 1 euro.

You must make the deposit in full in a company account associated with your business. When the bank has obtained the minimum share capital, you will obtain a certificate with which you must go to the notary's office. Once you present your registration with the Treasury and the company deeds, you will be able to use the invested share capital and, if you want, use it for your businesses.

You have to keep in mind that not all companies need to contribute a minimum social amount. Although, in the case of the Successive Formation Limited CompanyFor example, there are no legal minimums.

CIRCE. When you found your company, it will be made up of the full name of the owner or one of the business colleagues and an alphanumeric code that will be followed by the acronym SL (Limited Company). This code is called CIRCE, and with it we will facilitate the process of obtaining the company name completely online.

DUE. To establish online businesses, it is necessary to fill out a form: the Single Electronic Document (DUE). If you are well informed, you can complete the process yourself online. Even so, if you want more help, you can always go to an Entrepreneur Assistance Point (PAE), where they will be in charge of launching the creation of your Limited Company. Remember that you can also create an online SL with Holdmin and we help you with the entire process when setting up your business online.

Affidavit. This will be the most important procedure of all, since without the Notarial Certificate the facts will not be recorded and you will not be able to undertake the founding of your company. Once the DUE is completed, the only thing left is to go to the appointment with the relevant notary to provide two documents: the certificate of capital contribution and the Negative Certification of the company name previously obtained. For companies with a share capital of no more than 3,100 euros, the registration and notarial fees established by Royal Decree Law 13/2010 will apply.

If you are an entrepreneur and are thinking about setting up your Limited Company in Spain, you are probably wondering about the procedures you have to carry out and whether they involve too much paperwork or tedious visits to various institutions. But the truth is that you can create your Limited Company completely online, thus avoiding having to travel to open your new company account or to deposit the share capital. You can also do the visit before a notary online thanks to the Notarial Citizen Portal. In fact, if you decide to do the process online, you can complete it in three or four days.

To create an SL online, you will have to go to the appropriate website and complete the following steps:

1. Determine the legal form of your company and choose whether it will be a Limited Company, a Public Limited Company or a Cooperative.

2. Get the Negative Certification through the Central Business Registry to prove that there is no other company that has the same name as your business.

3. Deposit the social capital in an account in the name of your company.

4. Obtain the NIF or Tax identification number through the Tax Agency. You have to present form 036, a copy of the statutes and the articles of incorporation. With all this, you will obtain a provisional NIF with which you can operate until, at most six months later, you are granted the definitive NIF.

5. Create the company before a notary. All business partners must sign the public deed.

6. Register the company in the Provincial Commercial Registry relevant to obtain legal competence.

7. Request registration in the IAE (Tax on Economic Activities) at the Tax Agency and record the business activity of your business.

8. Legalizes company books such as the daily book, the annual accounts book and the inventory book in the Provincial Commercial Registry.

9. Register the distinctive signs of your company (phrases, images, symbols or words) in the Spanish office of the patents and brand.

In addition to the essential legal steps when creating a company on the Internet, you also have to take into account a whole set of steps (beyond what is legal) that you cannot ignore. They are the following:

1. Market study and marketing strategy. To begin, it is necessary to know the strengths and weaknesses of the niche to which you belong and, once the competition of your business has been analyzed, create a marketing and advertising plan that makes you stand out more.

2. Planning your online presence: Choose a domain (you can find them for free, although it is not recommended if you intend to create a serious business), hire hosting and create a website that is seductive when it comes to attracting potential clients in your market niche. Structure your digital marketing strategy. It is important to create your online store if what you want is to sell your products or services digitally. You can always use tools like Shopify to simplify this part of the process when it comes to eCommerce.

3. Creation of a personal brand that identifies your company and differentiates it from the competition. Reflect on how you can sell yourself online to generate income as quickly as possible.

4. Customer service. Monitor everything that users say and learn to put yourself in their shoes by understanding their needs, even if your business does not consist of selling through a digital store. You must create a good customer database to notify them of news, events, offers or discounts for your eCommerce.

5. Training and updating of knowledge. The best way to stand out among competing businesses, whether you are an online store or any other business, is to not stagnate and adapt to new trends by constantly renewing the skills of your company's workers.

We want you to have the best protection from the first moment of your company's life. For this reason, at Holdmin we have partnered with Runbrokerseguros to offer you the most complete startup insurance in Spain.

This product is aimed at recently created companies and aims to cover the civil liability that they may incur as a result of the activity carried out and insured. The coverage package includes:

Civil Liability:

RC General: Claims for damages caused to a third party when carrying out your activity, up to €100,000.
RC Product: Claims for damages caused to a third party due to an error or defect in one of the products you sell. We compensate you up to €100,000.
RC Professional: Claims from your clients in case they suffer a financial loss due to bad advice. We compensate you with up to €25,000.
RC LOPD: Third party claims in case of involuntary breach of the Data Protection Law up to €100,000.

LOPD Sanctions: In the event of a fine for involuntary non-compliance with the Data Protection Law, the company compensates you for this first penalty, up to €60,000.

Liability due to computer virus attack: Claims that may arise in the event that you damage a third party's computer program with a virus. We compensate you with up to €6,000