Public commercial company

In a public commercial company, at least two partners (an individual as well as a legal business entity) run business under a common name. Maximum number of partners is not limited. Business partners stand security for the liabilities of the company with their own property. Public commercial company is similar to cooperation society but unlike the latter it is a legal corporate body.

This form of a commercial company is best used for small business where risk is controllable. No registered capital is needed. Competences and control is a matter of agreement of the partners involved (as opposed to given by law).