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Acciones y participaciones sociales

English translation: S.A. shares and S.L. shares

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:acciones y participaciones sociales
English translation:S.A. shares and S.L. shares
Entered by: Nikki Graham

20:31 Feb 5, 2008
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: Acciones y participaciones sociales
I know this has come up before (http://www.proz.com/kudoz/376469) but I really need to be able to distinguish clearly between the two types - the company has changed its legal status from sociedad limitada, with "participaciones sociales" to a sociedad anonima, with "acciones". I've been using "shares" for participaciones sociales up to now, but having hit this sentence I realise I have to use something different!
Como consecuencia de dicha transformación se produce la anulación de las 4.783.255 participaciones sociales de 0,01 euros de valor nominal cada una de ellas (2.331.865 correspondientes a la clase A y 2.451.390 a la clase B) representativas de la totalidad del capital social de la Sociedad y sustitución de las mismas por 4.783.255 acciones, de las cuales 2.331.865 acciones corresponden a la clase A y 2.451.390 a la clase B.

I can't replace shares with the exact same number of shares - help!
Helen Johnston
Spain
Local time: 10:49
S.A. shares and S.L. shares
Explanation:
As your document highlights, acciones and participaciones sociales are both shares. The former, as your document indicates, are shares in a sociedad anonima, the latter shares in a sociedad limitada. If I were you, I would not try to find another translation just so that you can mirror the Spanish with two different terms, as I don't think this would work. I therefore suggest that you establish in your document that S.A. stands for sociedad anonima and S.L. for sociedad limitada and call the shares either S.A. shares or S.L. shares

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Note added at 1 hr (2008-02-05 22:01:19 GMT)
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Rebecca Jowers explains all this much better than I can, so please see her answer to a previous question.

http://www.proz.com/kudoz/2082002

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Note added at 1 hr (2008-02-05 22:03:01 GMT)
--------------------------------------------------

This may be interesting too:

http://www.atrium-incorporators.com/Incorporating a SL - Soc...
Selected response from:

Nikki Graham
United Kingdom
Local time: 09:49
Grading comment
Thank you everybody for your suggestions - all most useful. I felt this solution created least room for confusion in the end, and agreed with the client to add a note explaining the Spanish terminology.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2corporate shares of stock and (economic) interest
Michael Powers (PhD)
4S.A. shares and S.L. shares
Nikki Graham
4shares (stock) and partnership shares
Henry Hinds
4shares and ownership interests
Tatty
3stock vs. limited liability shares
Parrot


  

Answers


15 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
corporate shares of stock and (economic) interest


Explanation:
Mike :)

Michael Powers (PhD)
United States
Local time: 04:49
Native speaker of: English
PRO pts in category: 589
Notes to answerer
Asker: thanks Mike!


Peer comments on this answer (and responses from the answerer)
agree  islander1974
1 hr
  -> Thank you, islander1974 - Mike :)
agree  Victoria Porter-Burns:
2 hrs
  -> Thank you, Victoria - Mike :)
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
S.A. shares and S.L. shares


Explanation:
As your document highlights, acciones and participaciones sociales are both shares. The former, as your document indicates, are shares in a sociedad anonima, the latter shares in a sociedad limitada. If I were you, I would not try to find another translation just so that you can mirror the Spanish with two different terms, as I don't think this would work. I therefore suggest that you establish in your document that S.A. stands for sociedad anonima and S.L. for sociedad limitada and call the shares either S.A. shares or S.L. shares

--------------------------------------------------
Note added at 1 hr (2008-02-05 22:01:19 GMT)
--------------------------------------------------

Rebecca Jowers explains all this much better than I can, so please see her answer to a previous question.

http://www.proz.com/kudoz/2082002

--------------------------------------------------
Note added at 1 hr (2008-02-05 22:03:01 GMT)
--------------------------------------------------

This may be interesting too:

http://www.atrium-incorporators.com/Incorporating a SL - Soc...


    Reference: http://www.spainaccountants.com/FAQ.htm
Nikki Graham
United Kingdom
Local time: 09:49
Native speaker of: English
PRO pts in category: 80
Grading comment
Thank you everybody for your suggestions - all most useful. I felt this solution created least room for confusion in the end, and agreed with the client to add a note explaining the Spanish terminology.
Notes to answerer
Asker: thanks Nikki - this is all really helpful!

Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
shares (stock) and partnership shares


Explanation:
You do not even mention the country of origin (or destination for that matter), but I gather that the difference is between a stock corporation and some kind of partnership. Such corporate forms vary from one country to another so it is important to mention countries, origin and destination.

Henry Hinds
United States
Local time: 02:49
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 795
Notes to answerer
Asker: Thanks Henry - this is a Spanish company (Nikki has explained the difference excellently). I'm getting some good ideas from everyone - cheers!

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2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
stock vs. limited liability shares


Explanation:
could be one way out. You could argue that these are very similar in practice (SL and SA shares both have limited liability), but the existence of another type of partnership share (call that full partnership for explanation purposes) implies that there once was a kind of "fuller liability" share.

Parrot
Spain
Local time: 10:49
Works in field
Native speaker of: English
PRO pts in category: 148
Notes to answerer
Asker: thanks!

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12 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
shares and ownership interests


Explanation:
HTH

Tatty
Local time: 10:49
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28
Notes to answerer
Asker: cheers!

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