Types of companies in world wide

KINDS OF COMPANY

Here is discuss all types of companies and the advantages and disadvantages of the company. 

what is the company,  How to take a startup of the company?

There are the following types of company:

1. Public limited  company
2. Company limited by Guarantee
3. A private limited company by shares
4. Unlimited company
5. Limited liability partnership
6. Community interest company
7. Industrial and Provident Society

All over the world famous types of companies here Now we discussed further detail:

1) Public Limited  Company 

Under 15 section, A public limited company can start with seven or more person who associates with the law for registration of a name with providing documents of Memorandum of association. A public limited company can't start before allotted a specific percentage of shares.
Some limitation of this company are the following:

• You can buy limited shares
• Anyone can buy the shares
• No investment payback to shareholder in case of failure of a company
• Always shareholder responsible for any liability

2) Company limited by guarantee

In this company, Members are contributing as event coverage anyplace which is assigned by the company, no profit on contributing. The amount is wound up on the event. 

In this company, No have any share capital. Member who contribute as guaranteer of this amount otherwise second type of non-profit company is limited. The company provides you with a legal personality.
The usage of this contribution:

• Educational Institute 
• Club association
• Charity places
• Seminars of trade centers
• Research Center
• Development Center

The constitution of this company depends on two types of documents:

• Memorandum of association
• Article of association

3) Private company limited by shares

This type of company is limited means it's underworking of  (non-government organization). In this company, people invest as a small investor and makes shareholder. All of the share handled by privately. Once again all the investment depends on every person means all responsibility and limited structure on every shareholder. 

4) Unlimited company

An unlimited type company has some features that are the following:

• No restriction require for anyone in sell & buy shares
• Anywhere you can sell your shares
• Everyone responsible for any liquidation or Losses
• Easily registration with the government

There is the following constitution attach with it:

• Memorandum of Association
• Article of association
• Pros[ects

These are necessary for public information. First, two documents for government and the third one is for the public openly.

5) Limited liability partnership

In this company there are two or more people can start the company jointly. All partners are responsible for investing in the company.

some basic points of this company are:

• Limited by partners
• Limited by Investment in market 
• Director board select in vote annually
• Separate board handle the companies
• Any partner can handle business easily
• They should open joint or company account for any transaction, any understanding, any investment record.

6) Community Interest Company

In this company NGO(Non-government organization) work for the development and community care about health, living house, Dresses, other life basics. There is no objective for earning maximum profit from the public. Some companies have different citywide offices. 

7) Industrial and provident society

In this type of company, large and huge companies make a deal within the specific area. The joint company helps those industrialists who have no big amount, you can say to help in any restrictions of the company. provident means some amount collect from every company for end time benefits means if someone needs money in case of the loan or huge emergency payment then help this time to pay all over the amount. 

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