What are the types of companies in Chile?

There are different types of companies for those who want to start a business in Chile. Business owners can choose from the following options when starting their company:

1. Personal Company (Empresa Individual de Responsabilidad Limitada - EIRL): This type of company is a company that is owned by a single person and has limited liability. The existence and activities of the company are considered separate from the existence and activities of its owner.

2. Limited Liability Company (Sociedad de Responsabilidad Limitada - Ltda.): This type of company can be established by at least two partners and accepts limited liability of the partners. The company's debts are limited to the capital invested by the partners.

3. Joint Stock Company (Sociedad Anónima - S.A.): This type of company is a company whose shares can be public or private. The existence of the company is based on the capital provided by the shareholders, and the management of the company is carried out by a board of directors elected by the shareholders.

4. Limited Partnership (Sociedad en Comandita - S.en C.): This type of company is a company with unlimited liability of at least one partner and limited liability of at least one partner. The partner with unlimited liability participates in the management of the company, while the partners with limited liability have liability limited only to the capital they invest.

5. General Partnership (Sociedad Colectiva - S.C.): This type of company is established by at least two partners and accepts unlimited liability of the partners. Partners participate in the management of the company and are individually responsible for the company's debts. Each of these company types offers different advantages and disadvantages. Business owners should choose the type of company that best suits their needs and goals. It would also be beneficial to consult an expert consultant regarding the company formation process.