In Colombia, the closest equivalent to a Limited Liability Company (LLC) in the United States is the "Sociedad por Acciones Simplificada" (SAS), a versatile and highly popular corporate structure. The SAS offers many of the same advantages as LLCs in the U.S., Ltd. companies in Canada, and similar business entities in other countries, including limited liability protection for shareholders, flexible management structures, and simplified governance procedures. By opting for this business structure, foreign investors can enjoy reduced bureaucratic hurdles, tax efficiency, and enhanced operational flexibility.