3.1.  – A Sole Proprietorship is not a separate legal entity. The owner has unlimited liability and is personally liable for debts and losses.

3.2.  – A Partnership is not a separate legal entity. Partners have unlimited liability, are personally liable for a partnership’s debts and losses incurred by other partners, and can sue or be sued in the partnership’s name. A partnership cannot own property in its name.

3.3.  – In a Limited Partnership (LP), there must be at least one general partner and one limited partner. Both can be individuals or corporate bodies. It is not a separate legal entity, and the general partner has unlimited liability while the limited partner has limited liability. A limited partnership cannot own property in its name.

3.4.  – In Limited Liability Partnership (LLP), there must be at least two partners who can be individuals or corporate bodies, and it is a separate legal entity from its partners. Partners have limited liability, can sue or be sued, and are personally liable for debts and losses resulting from their own wrongful actions, but not for debts and losses incurred by the other partners. An LLP can own property in its own name.

3.5.  – A Company is a legal entity separate and distinct from its shareholders and directors, and there are three company types: an Exempt Private Company with 20 or fewer members and no corporate ownership of shares, a Private Company with 50 members or less, and a Public Company with more than 50 members. Each is a separate legal entity from its members and directors.

3.6.  – A Branch Office is an extension of the parent company and is not a separate legal entity. The allowed activities are the same as the parent company, and all liabilities extend to the parent company. It is taxed as a non-resident entity.

3.7.  – A Subsidiary Office is a separate legal entity distinct from its parent company. The allowed activities can be different from the parent company, and all liabilities are limited to the subsidiary. It’s taxed as a resident entity.

3.8.  – A Representative Office is a temporary administrative arrangement, has no legal status, and cannot generate income. It can only conduct market research or feasibility studies, and all liabilities extend to the parent company.