1. Types of Business Entities -
The currently available local corporate structures for conducting business are:
- General partnership
- Limited partnership
- Limited liability company
- Joint-stock company
- Simple joint-stock company
- Branch office
- A Cooperative
1.1 Description of the types of entities available in each jurisdiction through which to conduct business -
While the liability of the members of partnerships for the debts of the company is, in general, unlimited, the other corporate structures offer limited liability for the shareholders. For this reason, the most frequent company types are the Limited liability company (“LLC”) and the Joint-stock company (“JSC”). Simple joint-stock company is becoming increasingly popular “start-up” company structure.
Please see full Chapter below for more information.