+66 2 933 9000 , WhatsApp: +66 81 919 6225 bkk@panwa.co.th

Limited Partnership & Company Limited, How is different?

COMPARISON BETWEEN COMPANY LIMITED AND LIMITED PARTNERSHIP

Points of Comparison

Company Limited

Limited Partnership

Part A. Legal process    
a.1 preparing Shareholders’ meeting and step of AGM Yes No
a.2 Approval of Financial Statements By AGM–Resolution Certified by Managing Partner
a.3 Obligation Limited on registered capital (which remains) 1. For managing partner unlimited
2. For regular partner as the number of shares held
a.4 Appointed Management Anyone From unlimited partner
a.5 Able to be transformed No Can be transformed to Co., Ltd.
Part B. Presentation Most common form of business structure; more formal and reliance
Part C. Registration    
c.1 Requirement by Law Need to have 3 promoters, 3 shareholders (at least 1 Thai for 51% shares) and 2 witnesses; At least 2 persons can form a partnership (1 must be the Managing Partner)
c.2 Timeline 5 business days 5 business days
c.3 Government fee 6,500 per 1 M Baht capital 1,350 per 1 M Baht capital
Part D. Fee, scope and required documents    
d.1 Our fees 15,000 Baht 15,000 Baht
d.2 Scope of services Refer to Attachment A Refer to Attachment B
d.3 Required documents Refer to Attachment C Refer to Attachment D

 

Attachment A

Scope of Limited Company registration

1.Reservation the name of the company take time around 2-3 days.

2.Company registration with the Department business of Development take time only 1 day.

3.Request for Tax ID Card take time only 1 day.

4.VAT Registration will be done the same day with request Tax ID Card.

Attachment B

Scope of Limited partnership registration

1.Reservation the name of the company take time around 2-3 days.

2.Company registration with the Department business of Development take time only 1 day.

3.Request for Tax ID Card take time only 1 day.

4.VAT Registration will be done the same day with request Tax ID Card.

Attachment C

req_Co.Ltd.

Attachment D

req_ltd.part

 

 

For more information, please feel free to contact us:

Office: +66 2 933 9000
Whats'App: +66 8 5713 1000
Email: bkk@panwa.co.th

Location: https://goo.gl/maps/MhJsbjkPrji51Qyt6
Sky train: Yellow Line, Chokchai 4 Station, Gate 4. Our office is located between Soi Latphrao 50 and 52.

Address: 1560 Latphrao Road, Wangthonglang, Bangkok 10310, Thailand.