What are the types of companies in Uganda?

There are various types of companies in Uganda. These are:

1. Sole Proprietorship: It is the simplest type of company operated and owned by one person. The person makes all decisions and assumes all responsibility.

2. Partnership: It is a business partnership established between two or more people. Partners make decisions together and share in profits jointly. Responsibilities are shared.

3. Limited Liability Company: In this type of company, company owners have limited liability. Their personal property is not affected by the company's debts.

4. Joint Stock Company (Public Limited Company): They are public companies and their shares can be offered to the public. These companies have high capital and are subject to legal regulations.

5. Cooperatives: These are businesses established to protect and develop the common interests of their members. Members share in profits and share management.

6. Foreign Company: These are companies originating from a foreign country. To operate in Uganda, they must comply with local laws and regulations. Each of these company types is subject to different regulations and has different advantages and disadvantages. When starting a company, it is important to review local regulations and seek help from a professional advisor to determine your business type.