As per Lawkidunya, In Pakistan, there are several types of company registrations to choose from, each with its own set of characteristics and benefits. Here are the main types:
– Single Member Company (SMC): A company owned and managed by one person, with limited liability.
– Private Limited Company (Pvt. Ltd.): A company with a minimum of 2 and a maximum of 50 shareholders, offering limited liability and flexibility in management.
– Public Limited Company (Pub. Ltd.): A company with a minimum of 7 shareholders and no maximum limit, offering limited liability and the ability to raise capital from the public.
– Company Limited by Shares: A company where shareholders’ liability is limited to the value of their shares.
– Company Limited by Guarantee: A company where members guarantee a certain amount of money in case the company is wound up.
– Unlimited Company: A company where members’ liability is unlimited, and they are personally responsible for the company’s debts.
– Limited Liability Partnership (LLP): A partnership structure that offers limited liability protection to its owners.
– Association of Persons (AOP): A partnership structure that is not a separate legal entity and offers unlimited liability to its owners.
– Not-for-Profit Company: A company established for public welfare activities, with tax exemptions and limited liability.
Each type of company registration has its own advantages and disadvantages, and the choice ultimately depends on your business needs and goals.