When entrepreneurs have taken their business embody and want to expand their business to grow. Making credibility in the business is an important thing that entrepreneurs should pay attention to. One way to make a business look stable in the eyes of partners and customers is a company registration, but many entrepreneurs still have questions about what kind of company registration is good between registering a company as a company or a partnership, which one is better?
Therefore, the entrepreneur or business owner must clearly study the difference between the registration of a limited partnership and the registration of a company. This is because a limited partnership registration and a limited company registration have many similarities and differences in order to be able to decide what form of company registration should be and this is the difference between a limited partnership registration and a company registration that you should know.
Registration of limited partnership and company registration, What are the
Number of shareholders or founders
- Limited Partnership: There are at least 2 founders or shareholders.
- Limited Company: There are at least 3 persons who are registered to be established or have shareholders.
Company registration fee
- Limited Partnership: 1,000 baht fee (not including stamp duty and notarization fee)
- Limited Company : 5,000 baht fee (not including stamp duty and document certification fee)
What is used in the investment
- Limited Partnership: Invest in shares in 3 things: money, property and labor, while the investment in labor is only an exception to the limited liability partner. which has to be valued out in an amount and has a clearly defined payment period.
- Limited Company: It is an investment with money in the form of shares known as “Capital Stock” by dividing the investment into shares and each share must have the same value. The minimum value per share must not be less than 5 baht, so the minimum capital for registering a company will start at 15 baht or more ( 3 shareholders holding 1 share each, and 1 share equals 5 baht, totaling 3 people will equal to 15 baht )
Liability
- Limited Partnership: Due to the registration of a limited liability partnership, two types of partnerships are required: limited liability partnerships and unlimited liability partnerships. In which the limited liability partner will only be liable for liabilities that do not exceed the proportion of the shares they invested unlike an unrestricted partner who is responsible for all business liabilities
- Limited Company: The responsibility is divided according to the number of shares they hold, so shareholders are only responsible for the unpaid debts. Personal property and property will be clearly divided. Therefor, liabilities is limited to the liabilities of the company without affecting personal property in any way.
Annual General Meeting
- Limited Partnership: No annual partnership meeting is required.
- Limited Company: Requires meeting of shareholders every year.
Management and decision making
- Limited Partnership: Limited Liability Partnerships do not have administrative powers. Instead, it is used to appoint any person from the unlimited liability partnership to act as the Managing Partner who will have the power to make decisions on behalf of all partners without a meeting.
- Limited Company: A director must be established to act on behalf of the company. There must be a meeting and approval from the directors present at the meeting before taking any action.
Is your business suitable for a limited partnership registration or a company registration?
When you had already known the difference between the registration of a limited partnership and company registration, entrepreneurs who are looking for registration a company may have some guidelines in deciding to register a company but in general, it is found that the registration in the form of a limited company is more reliable than registration in the form of a limited partnership because most customers or partners often feel that the registration of a limited liability partnership is a family business. As for the registration of a limited company, it looks more stable and reliable but whether it is a limited partnership registration or a limited company registration, they all have advantages in terms of business progress, both in terms of business expansion, credibility and fundraising opportunities which is definitely better than running business as an individual.
Company registration and Partnership registration with PMP SERVE (THAILAND) by a professional team.
PMP SERVE (THAILAND) is a company registration specialist that provide limited partnership registration. We are happy to advice and provide services for limited company registration and partnership registration for all entrepreneurs. Company registration and partnership registration service by specialists who have experience in registering a limited company and registering a partnership for a long time as well as a quality team that is very skilled and experienced in company registration for a variety of businesses. We register for your company and register your partnership quickly, smoothly and legally at fair price and performing on your behalf every step of the way, guaranteed with over 17 years of experience in providing limited company registration services and a comprehensive partnership registration service. We are ready to provide accounting services, auditing service, tax planning, set up an accounting system, business consulting services and other related services comprehensively.
Line : @pmpserve
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Tel : 065 – 396 -2452
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