Types of Business

Types of Business

1. Individual business:
In individual business, the owner has unlimited liability for all the debts of the company. The company has an official name or includes the legal owner surname and includes the abbreviation "B.I."
2. General partnership:
In a general partnership, all partners are liable without limitation, in solidarity with the debts of the company. The Official Name of the General Partnership must include the words "General Partnership" or the abbreviation "O.P."
3. Limited Partnership:
In a Limited Partnership, in addition to "unlimited" partners (partners who are liable without limitation and joined and severally for the company's debts) also participate "limited" partners or those partners who are liable for the company's liabilities up to the value of the contributions of the company. them. The Official Name of the Limited Partnership must include the words “Limited Partnership” or the abbreviation “O.K.”.
4. Limited liability companies:
Limited liability companies are those companies that have been established by one or several founders, who are responsible for all their debts and other liabilities with all assets. The Official Name of the Limited Liability Company must include the words "Limited Liability Company" or the abbreviation "LLC".
5. Joint stock companies:
Joint stock companies are those companies, whose capital is divided into shares and where the shareholders are responsible for all debts and other liabilities with all its assets and property. The company may be established and have one or several shareholders. The Official Name of the Joint Stock Company must include the words “Joint Stock Company” or the abbreviation “JSC. The amount of initial capital of this company is at least 10,000 Euros.
6. Foreign Trade Company:
The foreign company is a commercial company and from the moment of registration is considered a branch in Kosovo that does not have the identity of a legal entity. After registration he enjoys all the rights and obligations established under the applicable law. The Official Name of the Branch of the Foreign Trade Company in Kosovo must include the full name of the Foreign Trade Company with the suffix “Kosovo Branch” or the abbreviation “D.K”.
7. Representation Office of the Foreign Trade Company:
The Official Name of the Representation Office of the Foreign Trade Company in Kosovo must include the full name of the Foreign Trade Company with the suffix “Representation Office in Kosovo” or the abbreviation “Z.P.K”.
8. Socially owned enterprises:
Socially owned enterprise means a legal entity that most of the assets and capital are socially owned. Until privatization, these enterprises are monitored and registered by the Privatization Agency of Kosovo according to Law No. 06 / L-016 on Business Organizations.
9. Public enterprises:
A Public Enterprise is an enterprise which carries out the activity of general interest, which is established by the state. The public enterprise is monitored by the Government and organized as a Joint Stock Company in accordance with the law on companies. All property interests in a public enterprise will be represented by shares and all of these shares must be registered.
10. Agricultural cooperatives:
An agricultural cooperative is a company created by natural or legal persons who must be all farmers contributing with their private property to the share capital. The Farmers' Cooperative is established by at least five (5) farmers, who are signatories to the obligations. The cooperative will not be established without capital nor will it exist without capital. The capital is divided into shares of equal value with a minimum value of € 10. The director cannot be a member of the cooperative. You can see all these in the Law No. 2003/9 on Farmers 'Cooperatives and the Law No. 03 / L-004 on Amending and Supplementing the Law on Farmers' Cooperatives No. 2003/9.