5. Forms of Business Organization
The principle forms of business organization are: limited liability
companies incorporated in Thailand (either private or public);
partnerships; branch offices; representative offices; and regional
offices.
5.1 Limited Liability Companies
The nature and form of a limited liability company in Thailand is
essentially the same as in many other jurisdictions. The capital of a
limited liability company is divided equally and is represented by
shares of a designated (par) value. The liability of each shareholder is
limited to the unpaid portion of the shares held. Limited liability
companies may be either private companies, which are subject to the
Civil and Commercial Code (the “CCC”), or public companies, which
are subject to the Public Limited Companies Act, B.E. 2535 (1992).