is a commercial company, whose capital is formed by the quotas (sometimes referred to as shares) of its members/shareholders. The members' liability is limited to the amount of the capital they have subscribed. A private limited liability company must be founded by at least two persons, including foreign natural or legal persons. The minimum authorised capital is BGN 5,000. Each share must be with a value of at least BGN 10 and must be divisible by 100. At least 70% of the capital must be paid up before registration.