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
Private limited company has his/her own shares and is responsible for business liability equivalent to his/her share percentage. LLPs in Iran are named according to the format illustrated by the following example: "Sherkat Ba Masooliyate Mahdood" translates as "Sherkat شرکت Company" + "Mahdood محدود Limited" + "Masooliyat مسئولیت Liability". The , approved in 1942 and as amended by the Government Act 6/2003 and furthers modifications, mainly provides three forms of limited liability company: Companies append the corresponding abbreviation to their company names. Japan passed legislation in 1996 creating a new type of business organization, godo kaisha (J-LLC), a close variant of the American