Private limited company times the current minimum wage, R$ 78.800,00 (US$26.267.00) as of 2015. Bulgarian legislation corresponds LLCs (Ltd, GmbH, SARL, etc.) as "Дружество с ограничена отговорност" ("Druzhestvo s ogranichena otgovornost"; company with limited liability). Companies incorporated under this structure append the cyrillic abbreviation "ООД" (Latin script: OOD) to their name. In the case of an LLC incorporated with a sole-shareholder/member (sole-ownership), this is designated and known as "Еднолично дружество с ограничена отговорност" ("Ednolichno druzhestvo s ogranichena otgovornost"; sole-ownership company with limited liability) and abbreviated as "ЕООД" (EOOD). The EOOD specifically, is exempted from annual, general or extraordinary meetings for making decisions and
Limited liability company Limited liability company A limited liability company (LLC) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation in and of itself; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well-known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a