Sole proprietorship
This is a firm, owned by a single individual, that is not incorporated.
Partnership
Thai and Western concepts of partnership are broadly similar. Thailand provides for three general types of partnerships as follows:
Unregistered ordinary partnerships, in which all partners are jointly and wholly liable for all obligations of the partnership.
Registered ordinary partnerships. If registered, the partnership becomes a legal entity, separate and distinct from the individual partners.
Limited partnerships. Individual partner liability is restricted to the amount of capital contributed to the partnership. Limited partnerships must be registered.
Limited Companies
There are three kinds of limited companies, as follows: