Chile

Operating a business

Different types of companies	Number of partners/shareholders	Maximum and/or minimum capital	Liabilities	Registration fees
Sociedad de Responsabilidad Limitada (LTDA) is a Private Limited Company.	Minimum 2 partners. Maximum 50 partners.	No minimum capital.	Liability is limited to the amount contributed.	Registration fees and legal fees represent about 2% of the capital.
Sociedad Anonima (SA) is a Public Limited Company. NB: Can be Public or private.	Minimum 2 partners.	No minimum capital. 1/3 of the capital must be paid at the creation of the company and the remainder within three years.	Liability is limited to the amount contributed.	Registration fees and legal fees represent about 2% of the capital.
Sociedad en Commandita is a limited partnership.	Two types of partners: active partners and sleeping partners.	No minimum capital.	Liability of active partners is unlimited, joint and several. Liability of sleeping partners is limited to the amount contributed.	Expenses are lower as compared to a Private Limited Company or a Plc