What are the types of companies in Ukraine?

Types of companies in Ukraine can be diverse, but the most common are:

1. Limited Liability Company (LLC): The most common type of company and carries limited liability. There must be a minimum of two partners and each partner must contribute capital. Partners share the profits and losses of the company.

2. Joint Stock Company (JSC): Known as stock companies, these types of companies raise capital through shares and provide limited liability to the partners of joint stock companies. Must have at least two partners.

3. Limited Partnership (LP): In this type of company, at least one partner has unlimited liability, while the liability of the other partners is limited. The partner with unlimited liability plays an active role in the management of the company.

4. General Partnership (GP): In this type of company, all partners have unlimited liability. Partners have equal rights in the management of the company.

5. Business Unit: Apart from company types in Ukraine, freelancers can also operate as business units. In this case, the business owner assumes full responsibility. These are some types of companies that exist only in Ukraine. More specifically, it is important to consult with local counsel to determine which type of company is right for you.