Individual EntrepreneurshipAdvantages:Ideal form for small companies,Few formalities must be completedGenerally less administrative costs make it more attractiveDisadvantages:Full entrepreneur’s liabilityThe entrepreneur is liable with his private property until he or she begins operationsDue to the taxation as a natural person, high profits eventually lead to higher taxesS.L./S.R.L.Advantages:Liability is limited to the paid capitalLiberty in the choice of the company’s nameLow starting capitalNo limit on the maximum amount of capital and number of shareholdersPossibility of cash or in kind investment in the company’s capitalNo need for an independent expert evaluation for in kind contributionsShareholders do not have a required minimum or maximum amount of sharesShareholders enjoy freedom to sign contracts or agreements with each otherDisadvantages:Duty of keeping formal accountingHigher management costs than for individual entrepreneurshipsNo possibility of being listed in the Stock ExchangeKnown identity of shareholdersS.A.Advantages:Possible listing in the Stock ExchangeSome business activities can only be exercised by companies who adopt this company type (ex. insurances)Disadvantages:Appointment of directors is limited to a maximum period of six yearsHigh minimum amount of capitalIn kind contributions must be evaluated by an independent expertAdministratively heavy and more expensive than an S.L.S.N.L.E.Advantages:Fast formation process (possible in 48 hours)Generic purposeSimple corporate structureThe shareholder’s register book is not bindingTax advantages (ex. tax deferral in the first two taxation periods)Overall, the S.L.N.E. stands out for its simplification of the formalities and accounting as opposed to an S.A. and S.L.Disadvantages:No liberty in the choice of the company’s nameLegal entities cannot be shareholders. This makes the company type unattractive for many international investors.For additional information regarding the advantages and disadvantages of the different legal forms in Spain,