What are the types of companies in Namibia?

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

1. Sole Proprietorship: A company operated and managed by an individual business owner. In such companies, the business owner assumes sole responsibility.

2. Partnership: It is a company established and operated between two or more partners. Partners make decisions together and share profits and losses.

3. Limited Liability Company (LLC): This is the most common type of company in Namibia. The owners of the company (partners) have limited liability, meaning their personal assets are not affected by the company's debts.

4. Open Company: An open company is a type of company where the shares are publicly traded and the public can invest in the company.

5. Closed Company: A closed company is a type of company in which shares are owned by a limited number of partners or family members. It is generally preferred for smaller businesses.

6. Public Company: A public company is a company established and operated by the Namibian government or public bodies. They are generally established to provide public services or manage public property. These are just a few examples of the types of companies available in Namibia. Different types of companies can also be found in different industries.



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