United States: Operating a Business
Setting Up a Company | Working Conditions | Cost of Labor | Social Partners
| Types of Companies and Capital (Max/Min) | Number of Partners/Shareholders and Liability |
|
A sole proprietorship
|
1 person
|
|
A General Partnership
|
No limit on the number of partners
|
|
Limited Partnership
|
In addition of general partners there is one or more limited partners
|
|
Limited Liability Partnership
|
No limit on the number of partners
|
|
A Public Limited Company (PLC)
|
No limit on the number of partners
|
|
A Private Limited Company
|
No limit on the number of partners
|
|
A Corporation half way between a joint stock company and a Private Limited Company
|
No limit on the number of partners.
|
| Setting Up a Company | United States | OECD |
| Procedures (number) | 6.0 | 5.6 |
| Time (days) | 6.0 | 13.8 |
Source: Doing Business.
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Last Updates: January 2012