What are the types of companies in Honduras?

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

1. Joint Stock Company (Sociedad Anónima): Joint stock companies are companies that share capital through shares and whose owners have limited liability. At least two shareholders are required and shares can be offered publicly.

2. Limited Liability Company (Sociedad de Responsabilidad Limitada): Limited liability companies are companies whose owners have limited liability and a minimum shareholder is required. This type of company requires fewer formalities and offers a more flexible business structure.

3. Personal Company (Empresa Individual): This is a simple type of business operated by a single person and with personal liability. Sole proprietorships may use a trading name to conduct their business activities.

4. Cooperative (Cooperativa): Cooperatives are businesses established to protect the common interests of members and support their economic activities. They have a non-profit and democratic management structure.

5. Foreign Company Branch (Sucursal de Empresa Extranjera): It is a branch or representative office opened by a foreign company to operate in Honduras. It shows that the foreign company is connected to the parent company and bears the responsibility of the parent company. These are just a few examples and many more types of companies can be found in Honduras. Each type of company may be subject to different regulations and requirements. When choosing your business type, it is important to consider factors such as your field of activity, business volume and goals. Seeking help from a professional advisor or local authorities can help you choose the right type of company.