Glossary entry

Spanish term or phrase:

sociedad unipersonal

English translation:

sole proprietorship

Added to glossary by P Forgas
Jan 3, 2002 12:31
22 yrs ago
22 viewers *
Spanish term

sociedad unipersonal

Non-PRO Spanish to English Other
sociedad unipersonal

Proposed translations

1 hr
Selected

sole proprietership

or: simple partnership
Peer comment(s):

agree Marian Greenfield : sole proprietorship is it
20 mins
disagree Lobosolitario : A sole proprietorship has unlimited liability. A sociedad unipersonal is a limited liability company with a single shareholder.
3848 days
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2 KudoZ points awarded for this answer.
+2
28 mins

single-member company / "one man" company

HTH,

Serge L.
Peer comment(s):

agree Patricia Fierro, M. Sc.
1 hr
agree Hazel Whiteley : one-man company
1 hr
Something went wrong...
3848 days

Limited liability company with a single shareholder

The difference between this and a sole proprietorship is a matter of liability - in a sole proprietorship the owner is personally responsible for all the debts of the company, whereas a sociedad unipersonal is a limited liability company, with the proviso that all of its shares are owned by a single person (or company).

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Note added at 3848 days (2012-07-18 06:31:40 GMT) Post-grading
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This refers to Spain only - the definition may vary for other Spanish-speaking countries
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