The five types of companies

The five types of companies

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  • Private company limited by shares: This type of company has share capital and the liability of each member is limited to the amount, if any, unpaid on their shares. A private company cannot offer its shares for sale to the general public and may not have more than fifty (50) members.
  • Unlimited company: This type of company has no limit on the liability of its members.
  • Public limited company: A public company has a share capital and limits the liability of each member to the amount unpaid on their shares. It may offer its shares for sale to the general public and may be listed at the securities
  • Company limited by guarantee: This type of company does not have share capital and its members are guarantors rather than shareholders. The liability of members is limited to the amount they agree to contribute to the company’s assets if it is liquidated.
  • Foreign Companies: This type of Company is a Branch IF of a foreign company, the major purpose of which is exempting it from the tax on its Foreign company: This type of a Company is a Branch Of a foreign company, the major purpose company registered outside of Kenya, that has established a place of business in Kenya, with the first branch of the Company registered in Kenya.