Syria What are the types of companies?
There are different types of companies in Syria. These are: 1st Person Company: It is the most common type of company and is operated by a single person. The owner of the sole proprietorship assumes all responsibilities and is individually responsible for the income and expenses of the company.
2. Limited Liability Company (LLC): It is a type of company established by more than one partner. Partners have limited liability for the company's debts and share the company's income and expenses.
3. Joint Stock Company: It is a type of company established by one or more people and whose shares can be publicly traded. Shares represent the company's capital, and shareholders receive a share of the company's profits and losses.
4. Limited Partnership: It is a type of company consisting of two types of partners: limited partners and limited partners. Limited partners do not participate in the management of the company and only provide capital. Limited partners participate in the management of the company and manage its activities.
5. Cooperative: It is a type of company in which members cooperate and carry out economic activities in line with their common interests. Cooperatives share members' income and expenses jointly and have a democratic management structure. These types of companies can be legally established and operated in Syria. However, those who want to establish a company must comply with the legal regulations valid in Syria.
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