What are the types of companies in Venezuela?

The following types of companies exist in Venezuela:

1. Joint Stock Company (Compañía Anónima): These types of companies are companies whose shares are open to the public and the capital is divided into shares. At least 2 shareholders are required and there are minimum capital requirements. Such companies are subject to legal regulations regarding the regulation and operation of joint stock companies.

2. Limited Company (Compañía de Responsabilidad Limitada): These types of companies are companies that have a limited number of shareholders and the shareholders have limited liability. A minimum of 2 shareholders is required and there are minimum capital requirements. Such companies are subject to legal regulations regarding the regulation and operation of limited companies.

3. Cooperatives (Cooperativas): Cooperatives are businesses run jointly by members and sharing profits and responsibilities. Members contribute to the operation of the cooperative and participate in decision-making processes. Cooperatives can be divided into private cooperatives and public cooperatives. 4th Person Company (Empresa Individual): These types of companies are operated by one person and the person does business on his own behalf. In such companies, the individual takes full responsibility of the business and capital requirements are minimal.

5. Mixed Economic Enterprises (Empresas de Economía Mixta): These types of companies are businesses in which the state and the private sector are partners. The government usually owns a majority stake and contributes to the management of the business. These are just some examples, and more different types of companies can be found in Venezuela. The choice of company type may vary depending on the purpose of formation, capital requirements, level of liability and other factors.