Company Structuring
Different types of juristic persons under the Thai law
Private Company
Partnership
A private limited company (LTD) is a small business entity that limits the liability of its owners to the amount of shares they own. The company is a separate legal entity from its owners, which protects the owners' personal assets from any debts the company may have.
A limited partnership (LP) is a business structure where some partners have limited liability for the company's debts, while others have unlimited liability.
Public Company
A public company is a corporation whose shareholders have a claim to part of the company's assets and profits. It's also called a publicly traded company. This type of company is called a public limited company (PLC) in Thailand.
Ownership of a public company is distributed among general public shareholders through the free trade of shares of stock on stock exchanges or over-the-counter (OTC) markets.