What are the types of companies in Puerto Rico?
There are many different types of companies in Puerto Rico. Here are the most common types of companies in Puerto Rico:
1. Corporación o Sociedad Anónima (C.A. or S.A.) - Joint Stock Company This is the most common type of corporation in Puerto Rico. It is an organization whose capital is divided into shares and managed by its shareholders.
2. Compañía de Responsabilidad Limitada (C.R.L.) - Limited Liability Company This type of company has a structure based on the principle of limited liability. Partners have limited liability for the company's debts.
3. Sociedad de Responsabilidad Limitada (S.R.L.) - Limited Liability Partnership This is a type of company based on the principle of limited liability. The liability of the partners is limited to the capital they invested.
4. Compañía de Responsabilidad Limitada de Puerto Rico (C.R.L.P.R.) - Puerto Rico Limited Liability Company This type of corporation is a specifically recognized type of corporation in Puerto Rico. It can help the company have tax advantages.
5. Compañía de Responsabilidad Limitada de Beneficio Público (C.R.L.B.P.) - Limited Liability Company for the Public Interest This type of corporation is used for organizations that aim to serve the public interest. They may have tax advantages.
6. Sociedad Colectiva - Partnership This is a type of company established by multiple partners. Partners have unlimited liability for the company's debts.
7. Sociedad en Nombre Colectivo - Ordinary Partnership In such companies, the liability of at least one partner is unlimited, while the liability of the other partners is limited. These are just a few examples of the types of companies found in Puerto Rico. It is important to consult a lawyer or local incorporation consultant for more information on the company formation process.
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