What are the types of companies in Ethiopia?

There are various types of companies in Ethiopia. The most common among these are:

1. Sole Proprietorship: It is a type of company that is owned by one person and allows the person to do business under his or her own name. In such companies, the business owner makes all decisions and assumes all responsibility.

2. Partnership: It is a type of company in which a partnership can be established between at least two people. The rights and responsibilities of the partners are determined by issuing a partnership document. Decisions are usually shared equally between partners.

3. Limited Liability Company (LLC): It is a type of company established and operated by at least two partners. Partners have limited liability, meaning they can only cover the company's debts with company assets.

4. Joint Stock Company: It is a type of company in which the company is divided into shares and the liability of the shareholders is limited to the amount of shares. Such companies may be publicly traded or closed.

5. Cooperative: It is a type of company established for the joint production of goods and services and managed by its members. Decisions are usually made by unanimous vote of the members and profits are shared among the members. These types of companies can be chosen depending on the preferences and needs of entrepreneurs who want to do business in Ethiopia. However, it is important to consider local legal regulations and requirements before establishing a company.