What are the types of companies in Guatemala?

There are various types of companies in Guatemala. The most common company types are:

1. Joint Stock Company (Sociedad Anónima, S.A.): The most common type of company, a joint stock company is a type of company that raises capital through shares and limits the liability of its owners. Requires at least two shareholders.

2. Limited Liability Company (Sociedad de Responsabilidad Limitada, S.R.L.): This type of company, which has limited liability of the owners of the company, can be established by at least two partners. Capital shares are generally distributed equally.

3. General Partnership (Sociedad Colectiva): In this type of company established by at least two partners, all partners participate in the management of the company and have unlimited liability.

4. Limited Company (Sociedad en Comandita): It is a type of company in which the company's management and capital-providing partners are separate. While limited partners have unlimited liability, general partners are only responsible for the capital they invest.

5. Association (Asociación): Associations, which are non-profit organizations, are used in Guatemala for non-governmental organizations and other social purpose organizations. Each of these company types has different advantages and disadvantages. The company formation process and requirements may vary depending on the type of company. Working with a professional advisor can help choose the right company type and help with the company formation process.