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Glossary entry

Spanish term or phrase:

Sociedad Limitada Laboral

English translation:

Employee-Owned Limited Liability Company

Added to glossary by peterinmadrid
Jan 26, 2011 19:58
13 yrs ago
11 viewers *
Spanish term

Sociedad Limitada Laboral

Spanish to English Law/Patents Law (general) Minutes of General Meeting
quienes acuerdan por unanimidad constituirse en Junta General Extraordinaria de socios de carácter Universal al amparo de lo dispuesto en el artículo 178 del Real Decreto Legislativo 1/2010, de 2 de julio por el que se aprueba el texto refundido de la Ley de Sociedades de Capital y conforme a los Estatutos Sociales, para tratar y deliberar sobre el siguiente Orden del Día, que es asimismo unánimemente aprobado:

1. Modificación de Sociedad Limitada Laboral a Sociedad Limitada.
Proposed translations (English)
5 +1 Employee-Owned Limited Liability Company
4 +2 Labour Limited Corporation

Discussion

Bill Harrison (X) Jan 26, 2011:
Sometimes I think... ... I am the only person here with a sense of humour. 'Nite All.
Rebecca Jowers Jan 26, 2011:
Also, just for info, the in Spain the expression "socio capitalista" doesn't imply "filthy capitalist intent on exploiting their penniless worker co-workers", but rather is used in this context (and in the context of partnerships, whether "sociedades colectivas" or "sociedades comanditarias") to describe a member whose makes a capital contribution to the business: Al socio colectivo que aporta "bienes" a la sociedad se le denomina "socio capitalista", y al que solamente aporta "industria" (trabajo, servicios o actividad en general) "socio industrial".
Rebecca Jowers Jan 26, 2011:
Hi Bill, If you look at my entry, it wasn't I who claimed that "los socios de una SLL son siempre trabajadores", but rather a Spanish website where you can get legal advice for setting up different types of companies: asesores.com/mercantil/sll.htm. The SLL isn't necessarily 100% employee-owned, but it's the business form to choose it you want to set up an employee-owned company in Spain. In other respects, for me "Labour Limited Company" just doesn't convey the idea of "employee-owned". Also what you call "filthy capitalists" are merely worker-owners who choose to contribute capital rather than labor, usually because their skills are not readily needed in the business model. I say this because at least two groups of my translator colleagues here in Madrid have set up SLL's, and some (the best translators) are the "workers" while others chose just to support the venture with capital while dedicating their efforts to other tasks.
Bill Harrison (X) Jan 26, 2011:
Actually from a ... ... quick bit of research it seems that 49.9% of the company may be owned by filthy capitalists intent on exploiting their penniless worker co-owners.
Bill Harrison (X) Jan 26, 2011:
Rebecca, I was surprised when you said that "Los socios de una SLL son siempre trabajadores," because as I understand them some may not be so I followed your link and it contradicts itself a couple of paragraphs later when it says "Los socios pueden ser capitalistas (no trabajan en la sociedad), y trabajadores (trabajan en la sociedad). ". They call themselves 'asesores' but I don't think I would seek their advice.

Proposed translations

+1
7 mins
Selected

Employee-Owned Limited Liability Company

One of the business options available in Spain.

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Note added at 9 mins (2011-01-26 20:07:52 GMT)
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Los socios de una SLL son siempre trabajadores, y el régimen de la seguridad social es diferente de las sociedades limitadas. ...
asesores.com/mercantil/sll.htm

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Note added at 3 hrs (2011-01-26 23:03:31 GMT)
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For info (and in case it may be of use for your translation), here is a site that provides all of the characteristics of an SLL:

¿Qué es una sociedad limitada laboral?

Definición

La sociedad limitada laboral es un tipo de sociedad mercantil de responsabilidad limitada que tiene que contar con un mínimo de tres socios o socias. Más del 50% de su capital social está suscrito por las personas trabajadoras que prestan sus servicios a la sociedad a través de una relación laboral de carácter indefinido a jornada completa. (sigue...)

http://www20.gencat.cat/portal/site/OVTE/menuitem.785d1743e8...

Peer comment(s):
agree philgoddard : This is more helpful to the reader than a literal translation.
1 hr
Thanks Phil. I agree that the literal translation doesn't convey the fact that the majority of the business is employee-owned
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you, Rebecca. Interesting discussion - I don't think "filfthy capitalists" would go down too well though."
+2
9 mins

Labour Limited Corporation

# S.A. (Sociedad Anónima): ≈ p.l.c. (UK). Minimum capital €60,101.21.
# S.L. (Sociedad Limitada): ≈ Ltd. (UK). Minimum capital €3,012.
# S.L.L. (Sociedad Limitada Laboral): "labour limited corporation"

http://en.wikipedia.org/wiki/Types_of_business_entity#Spain


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Note added at 18 mins (2011-01-26 20:17:20 GMT)
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or LABOUR LIMITED COMPANY:


The temporary employment rate in cooperatives and labour companies is 30.5%, similar to that of
the total employed population, which is surprising in businesses formed by workers who are generally
also members or partners, i.e. the owners of the enterprise. The temporary employment rate has two
poles, however: 26.9% in the case of cooperatives and 42.9% among **labour limited companies (sociedades
limitadas laborales).**
http://redalyc.uaemex.mx/pdf/174/17412442008.pdf

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Note added at 22 mins (2011-01-26 20:21:13 GMT)
--------------------------------------------------

MRT belongs to its own workers under the legal form of a labour limited company (Sociedad Anónima Laboral) where the shares are distributed among all the workers.
http://www.linguee.fr/anglais-francais/traduction/legal form...
Peer comment(s):
agree Bill Harrison (X) : ok wit Labour Limited Company PS. I mean, 'corporation' sounds so American, doesn't it, ooph. :)
16 mins
Thanks, Bill - suppose it depends where the text in going :)
agree James A. Walsh : Yeah, I'd definitely go with 'company' too.
28 mins
Thanks, James :)
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