What are the types of companies in Guam?

Company types may differ from country to country, but the most common company types in Guam are:

1. Limited Liability Company (LLC): It is the most commonly used company type in Guam. Owners have limited liability for the company's debts and enjoy tax advantages.

2. Companies Company (Corporation): Companies Company is a type of company that provides limited liability to its shareholders. Shareholders are not personally liable for the company's debts. Companies Company is a suitable option for larger businesses.

3. Partnership: In Guam, a partnership is a type of company formed through cooperation between two or more people or companies. Decisions and responsibilities are shared among partners.

4. Sole Proprietorship: A sole proprietorship is a business operated and owned by a single person. In this type of company, the business and its owner are considered the same person, and the owner is personally liable for all debts of the company. These are just examples of some types of companies, more company types can be found in Guam. During the business formation process, there may be specific requirements and regulations for each type of company. It is important to seek support from a professional advisor or local chamber of commerce.