What are the types of companies in Wallis and Futuna Islands?

There are various types of companies on Wallis and Futuna Islands. The most common among these are:

1. Joint Stock Company (Société Anonyme): It is a type of company established by at least 7 partners and whose capital is divided into shares. The liability of partners is limited to the capital they invested.

2. Limited Liability Company (Société à Responsabilité Limitée): It is a type of company established by at least 2 partners and whose capital is divided into shares. The liability of partners is limited to the capital they invested.

3. Limited Partnership (Société en Commandite): It is a type of company established by at least 2 partners and at least one partner has unlimited liability. Other partners are only responsible for the capital they invested.

4. General Partnership (Société en Nom Collectif): It is a type of company established by at least 2 partners and all partners have unlimited liability. Partners are individually responsible for the company's debts. 5th Person Company (Entreprise Individuelle): It is a type of company operated by a single person. The owner of the company is individually responsible for the company's debts. Each of these company types can have different advantages and disadvantages. Which type of company to choose may vary depending on the company's goals, size and field of activity.

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