What are the types of companies in Benin?

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

1. General Partnership: It is a type of company established between at least two partners and all partners have unlimited liability.

2. Partnership with Limited Capital: It is a type of company established between at least two partners and in which the liabilities of the partners are limited. Such companies are abbreviated as "SARL".

3. Joint Stock Company: It is a type of company established by at least one partner and in which the liability of the partners is limited to shares. Such companies are abbreviated as "SA".

4. Limited Partnership: It is a type of company with unlimited liability of at least one general partner and limited liability of at least one limited partner. Such companies are abbreviated as "SCS".

5. Cooperative: It is a type of company established to meet the economic and social needs of the partners. Such companies are abbreviated as "COOPEC".

6. Limited Company: It is a type of company established by at least one partner and in which the liability of the partners is limited. Such companies are abbreviated as "Ltd". Each of these company types has different advantages, disadvantages and legal regulations. Business owners should choose the most appropriate company type based on their field of activity, size, and other factors. Selection of company type should be made in consultation with a lawyer or business consultant.