share

Juristic Person in Thailand

191 Views
Juristic Person in Thailand

According to Thai Civil and Commercial Code, there are five types of juristic person, each having different liability 1) Ordinary Partnership; 2) Ordianry Registered Partnership; 3) Limited Partnership; 4) Company Limited; 5) Public Company Limited. However, the most common type of juristic person to run businesses in Thailand are as follows:

  1. Company Limited- The most common choice for all investors whether Thai investor or international investor. A Limited Company must have at least 2 shareholders, less than that, the Limited Company may be dissolved by the court. The liability of the shareholders, if the shareholders partly paid shares, the shareholders will be liable for the amount that is unpaid.
  2. Ordinary Partnership - Is a partnership which two or more persons agree to unite for a common undertaking, with a view of sharing profit which may be derived therefrom. All partners are jointly and unlimitedly liable for all the obligations of the partnership. The Oridinary Partnership is not mandatory to register, but by registering it can increase the reliability of the partnership.
  3. Limited Partnership - This type of juristic person is very similar to ordinary partnership. However, the differences are (1) It is madatory to register the Limited Partnership (2) There are two types of partner, a partner with limited liability and a partner with unlimited liability. The management of Limited Partnership can only be managed by the partner with unlimited liability, if the partner limited liability manage the partnership, such partner will become jointly and unlimedly liable for all the obligations of the partnership 
Related Content
 Employee Rights Upon Termination
Rights of an employee when terminated include the following:
13 Feb 2024
Land Due Diligence
Land due diligence is a critical aspect of real estate transactions, ensuring that buyers, sellers, and investors have a comprehensive understanding of the legal, financial, and physical aspects of a property.
13 Feb 2024
Divorce and Child Custody
Divorce is a complex legal process, and when it involves child custody matters, the intricacies become even more profound.
13 Feb 2024
เว็บไซต์นี้มีการใช้งานคุกกี้ เพื่อเพิ่มประสิทธิภาพและประสบการณ์ที่ดีในการใช้งานเว็บไซต์ของท่าน ท่านสามารถอ่านรายละเอียดเพิ่มเติมได้ที่ Privacy Policy and Cookies Policy
Compare product
0/4
Remove all
Compare
Powered By MakeWebEasy Logo MakeWebEasy