Business Nature

In terms of ownership and control, five kinds of business enterprises are recongnised and legalised by law.

-Sole traders(1 person)

-Partnerships(2-20 partner）

-Close Copration (cc) （1-10 member)

-Private companies (pty.ltd) (1-50 shareholders)

-Public companies (7-Unlimated shareholders)

different form of ownerships has it's own unique characteristics, it is mainly about tas, limited liability, legal person . etc