What are the types of companies in Burkina Faso?

There are various types of companies in Burkina Faso. The most common of these are listed below:

1. Sole Proprietorship (Entreprise Individuelle): This is a business managed and owned by a single person. In these types of companies, the business owner assumes all responsibilities and is responsible for his personal property and the debts of the business.

2. Limited Liability Company (Société à Responsabilité Limitée - SARL): This is the most commonly formed type of company. In these companies that have at least one partner, the partners have limited liability for the company's debts. Partners are responsible according to the capital contribution they make to the company.

3. Joint Stock Company (Société Anonyme - SA): In this type of companies, the capital of the company is divided into shares and these shares may be publicly held or owned by private individuals. Partners have liability limited to the capital contribution they make.

4. Limited Partnership (Société en Commandite - SC): This is a type of company that has at least one partner and at least one general partner. While partners manage the activities of the company, general partners only provide capital and their responsibilities are limited.

5. Cooperatives: In Burkina Faso, cooperatives are businesses established by partners to engage in economic activities, share resources and provide mutual benefit. Cooperatives can operate in agriculture, trade, production and service sectors. Each of these company types is subject to different regulations and legal requirements. Taking into account the relevant laws and regulations, business owners can choose an appropriate company type in Burkina Faso.