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).