Become a corporate customer with different types of organisations

A General partnership with shared liability (DA) and A general partnership with joint and several liability (ANS) Is a company where personal liability is shared between multiple people.

A general partnership with joint and several liability (ANS) is a model whereby a lender can demand the entire debt be repaid by one of the owners, and so it’s up to the partners to organise this between themselves.

In a general partnership with shared liability (DA), the owners collectively have an unlimited and personal liability for the entire company’s debt, but each partner can only be made liable for their share of the liability. There is no capital requirement, and the owners cannot be employed by the business.

A Cooperativecompanyis a company with members where flexibility is important

In a cooperative, the profits are divided according to the members’ interaction with the company, i.e., the value of purchases and sales or time spent. Can be owned privately or via a company.