What are the types of companies in Tanzania?

Company types can be classified in various ways, but generally as follows: 1st Person Company: It is a type of company established by one person and bearing only the responsibility of this person. A sole proprietorship may put the owner's personal assets at risk when conducting business activities.

2. Limited Company (Ltd. Şti.): It is a type of company established by more than one partner and with the capital contribution of each partner. Limited companies have a structure in which partners are responsible only for the amount of capital and their personal assets are protected.

3. Joint Stock Company (A.Ş.): It is a type of company established by more than one partner and can be public or closed. Joint stock companies represent partnership shares through shares and have a structure in which partners are responsible only for the amount of capital.

4. Cooperative: It is a type of company where partners come together for a specific purpose and engage in economic activities in line with this purpose. Cooperatives have a structure in which members have the authority to make decisions democratically and distribute profits fairly among partners.

5. Limited Partnership (K.Ş.): It is a type of company established by at least one general partner and at least one general partner. In limited partnerships, limited partners have unlimited liability, while limited partners are only responsible for the amount of capital.

6. Self-Employed Company: It is a type of company formed by people engaged in legal professions or other freelance professions. Self-employment companies have a structure in which partners are responsible only for their own activities. These are just some examples and different types of companies may exist in different countries and regions. It is important to consult local laws and regulations to determine the type of company.