What are the types of companies in Armenia?

There are various types of companies in Armenia. Business owners can choose one of the following company types to suit their business needs and goals:

1. Joint Stock Company (CJSC): The most common type of company, CJSC is a company that owns shares. It requires at least two partners and is managed based on capital shares.

2. Limited Liability Company (LLC): LLC is a type of company in which the partners have limited liability and are managed according to their capital shares. It requires at least one partner, and business owners govern the company's decisions through an agreement.

3. General Partnership: It is a type of company established with the cooperation of at least two partners. Partners are personally liable for the company's debts.

4. Limited Company: It is a type of company established by the combination of at least one limited partner and one general partner. While limited partners have limited liability, general partners are personally liable for the company's debts.

5. Partnership: It is a type of company where two or more business owners come together in cooperation. Partners participate in the management of the business and share profits and losses.

6. Business Company: A type of company where two or more business owners come together to engage in business activities. Trading companies require partners to keep trading records and audit the company's activities. Each of these company types has different advantages and legal requirements. Business owners should choose one that suits the company's purpose, size, and goals.