TYPES OF BUSINESSES

To make it easier for readers, below is a brief explanation of types of businesses:

1. Individual business. With individual businesses, the owner has unlimited responsibility for all debts of the organization. The organization has an official name or it includes the lawful surname of the owner, and it includes the acronym “B.I.”

2. General partnership. With general partnership all partners are responsible without limitation and with solidarity for debts of the organization. The collective organization has one name which may include the name of one of the partners, by putting immediately after it the acronym "O.P.”

3. Partnership. With partnerships, except for “unlimited” partners (partners who are responsible without limitations and with solidarity for debts of the company) also participate the “limited” partners or those partners who are responsible for the obligations of the company to the limit of the value of their contributions in the charter capital. Partnership has a name, in which it can be included the name of one or more partners, by putting immediately after it the acronym "SH.K.M.".

4. Limited Liabilities Companies (L.L.C). Limited Liabilities Companies are those organizations established by one or more founders, who are responsible only to the level of their contribution and all assets. Limited Liability Company has one name by putting immediately after it the acronym "SH.P.K.". KBRA may register a limited liabilities company without the need to provide proves for payment of the capital.

5. Joint Stock Companies (J.S.C.). Joint Stock Companies are those organizations whose capital is divided in shares and the shareholders are responsible only to the level of the value of their contribution. The organization can be established and have one or more shareholders. It has one name behind which is placed the acronym "SH.A.". The amount of the charter capital for these organizations is at least 10.000Euro.

6. Foreign Company. The foreign company is a business organization and from the moment of registration is considered as a branch n Kosovo that doesn’t have the identity of a legal person. After registration it enjoys all rights and obligations established based on the applicable law. After the name it shall be written “DEGA NË KOSOVË” (“KOSOVO BRANCH”)

7. Socially owned enterprises. Socially owned enterprise means a legal person most of whose assets and capital are socially owned. These enterprises until privatized are monitored and registered by the Kosovo Privatization Agency according to Law No.02/L-123 on Business Organizations.

8. Public enterprises.  Public enterprise is an enterprise that performs activities of general interest, which is established by the state. Public enterprise is monitored by the Government and is organized as Joint Stock Company in accordance with applicable Law on Business Organizations. All property interests in a public enterprise will be represented with shares and all these shares must be registered.

9. Agricultural cooperatives. Agricultural cooperative is a business organization created by natural or legal persons all of which should be farmers who contribute with their own private property in the shared capital. Agricultural cooperative is established from at least five (5) farmers that are signatories of obligations. The cooperative shall not be established without capital and it shall not exist without capital. The capital is divided on shares of even value with a minimal value of 10Euro. The director may not be member of the cooperative. All these can be seen in Law No 2003/9 on Agricultural Cooperatives and Law No.03/L-004 on Amending and Supplementing Law on Agricultural Cooperatives Nr-2003/9.