Forms and recordsOfficial source: Govern d'Andorra — Registre de Societats Mercantils
Limited company
A company with two or more shareholders whose liability is limited to their contributions.
It keeps full accounts, prepares annual accounts, and pays corporate income tax. With several shareholders, permissions and responsibility for each action also need to be clear.
An example
Two people setting up a business together in the Principality.
The typical mistake
Failing to define who can issue documents and who approves them. Once several people are involved, an audit trail is essential.
How it appears in AndCompta
Full accounting, period closing, and financial statements in the Andorran structure are built in—exactly what an SL needs to produce.
Where we explain it in depth
Related terms
This definition is general information, not tax or accounting advice. For your specific case, consult a professional and always check the official source.