Differences Between Types of Enterprises
Legal Entities
- Limited Liability Company
- Established with fewer than 50 people
- Liability limited to shareholders’ capital contributions
- Joint Stock Company
- More than 2 people, fewer than 200 people
- Liability limited to share capital
- Must organize a board of directors, shareholders’ meeting, supervisory board, etc.
Non-Legal Entities
- General Partnership (with unlimited liability)
- Special General Partnership (principal partners bear unlimited liability)
- Limited Partnership
How to Open a Bank Account
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References
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