COMPARATIVE TABLE OF TRADING COMPANIES
Name Company Capital Stock Features
Public Limited Not less than 50 million Limitation of liability of the
Company partners with respect to third
parties.
Division of capital stock into
shares.
Limited No minimum capital required * The simple limited
partnership partnership is always formed by
two types of partners.
*The presence of the limited
partners is not required for the
incorporation of the company.
Limited liability *Low administrative
company Divided into social quotas requirements
*The obligations of the partners
are limited by their
contribution.
Limited Divided by shares *Legal framework for starting
partnership limited the company
by shares *No termination date is set for
the partnership.
General No minimum *The partners are directly
Partnership involved in the management of
the company's resources.
Cooperative No minimum capital required *Composed of people from the
Society working class society.
Advantages
*Independence of the partners
from their shareholders
*Partners are not liable for the
actions of directors.
*Directors are responsible for
poor performance.
*No minimum capital required
for construction.
*The partners participate
directly in the profits.
*Increased capital is raised for
the company
*Low administrative
requirements.
*Less expensive than other
companies
*The obligations of the partners
are limited by their
contribution.
*Legal framework for starting
the company
*partners are not liable for the
company's obligations
*No termination date is set for
the partnership.
*Responsibility is distributed
among more people
*may continue after the death
of a partner
*Decisions are made without
formal meetings
*No minimum capital required
*Members register voluntarily
*All have the same rights
Disadvantages
*Excessive number of
procedures
*High cost of formalities
*Requires minimum capital to
build
*More complex form of
organization.
*Limited partners may not vote
*Limited partners are
prohibited from performing
administrative acts.
*Full capital is contributed.
*Transfer of shares depends on
the partners.
*More demands from the
authorities
*The signature is taxed as a tax
*Requires a lot of legal
documentation
*Dissolved upon the death of a
partner
*Only professionals can use it
*Each partner is responsible for
the acts of other partners.
*It is difficult to get rid of a bad
partner.
*The death of a partner may
dissolve the company.
*Requires a minimum number
of people to be constructed
*At least one meeting per year
*Obligation to file annual
financial statements.