What are the types of companies in Sudan?

There are various types of companies in Sudan. These include: 1st Person Company: It is a type of company established by one or more people and where the partners manage the company. A sole proprietorship has a structure in which the partners are personally responsible for the company's debts.

2. Limited Liability Company: It is a type of company established by at least one natural or legal person and where the partners have limited liability. Partners are liable for the company's debts only in proportion to the capital they invested.

3. Joint Stock Company: It is a type of company established by at least five real or legal persons and where the partners have limited liability. A joint stock company has a structure divided into capital shares, and shareholders receive a share of the company's profits and losses.

4. Limited Company: It is a type of company established by at least one limited partner (limited liability) and at least one limited partner (unlimited liability). The limited partnership is divided into capital shares, and while the limited partners carry unlimited liability, the limited partners carry limited liability.

5. Cooperative: It is a type of company established by at least five real or legal persons. Cooperatives have a democratic structure where their members are jointly owned and participate in decision-making processes.