Saint-Barthélemy What are the types of companies?

Company types generally fall into three categories:

1. Individual Companies: These types of companies are operated by one person and operate under that person's own name or pseudonym. In individual companies, the owner assumes all responsibilities and bears the profits or losses of the company individually.

2. Partnership Companies: Partnership companies are established by partnership agreement between two or more individuals or organizations. In partnership firms, partners participate in the management and decision-making processes of the company. In partnership companies, profits and losses are shared between partners.

3. Corporations: Corporations are considered a legal entity and are usually represented by shares. Companies are established with the capital contribution of their shareholders and gain legal personality. In companies, management and decision-making processes are determined by bodies such as the board of directors and general assembly. Companies are established with the aim of making a profit and the profit or loss is shared among the shareholders.

Saint-Barthélemy What are the types of companies?

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