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A business entity is an entity that is formed and administered as per corporate law[Note 1] in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service.[] There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country.
For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for example:
However, the regulations governing particular types of entities, even those described as roughly equivalent, differ from jurisdiction to jurisdiction. When creating or restructuring a business, the legal responsibilities will depend on the type of business entity chosen.[1]
Foreign and domestic investors have a range of opportunities to organize their business in Albania. They can either establish and register a business organization or establish and register a branch or representative office.[2] The registration of foreign entities, since 1 September 2007, had been carried out at the National Registration Center, which aimed to implement the "one stop shop" system. Law No. 131/2015 dated 26 November 2015[3] made possible the creation of the National Business Center (QKB), whose purpose was to simplify the procedures of doing business in the country by enabling registration and licensing procedures in a single institution. As a result, the National Registration Center and the National Licensing Center were abolished.[4]
See also help.gv.at (Austrian government site, in German)
Name in Belarusian | Name in Russian | Type | Note |
---|---|---|---|
?, | , | ? plc (UK), open | |
?, | , | ? plc (UK), closed | |
? | sole proprietorship | does not possess legal personality | |
?, | ? , | private unitary enterprise | |
? ? ?, | ? ?, | ? Ltd. (UK) |
Dutch, French or German names may be used.
Dutch | French | Approximate explanation |
---|---|---|
private stichting | fondation privée | Private foundation |
stichting van openbaar nut | fondation d'utilité publique | Public foundation |
economisch samenwerkingsverband (ESV) | groupement d'intérêt économique (GIE) | Economic interest grouping (joint venture) |
stille handelsvennootschap | société interne | contractual joint venture (No JV company is created) |
tijdelijke handelsvennootschap | société momentanée | equity joint venture (JV company is created) |
vereniging zonder winstoogmerk (VZW) | association sans but lucratif (ASBL) | German: Vereinigung ohne Gewinnerzielungsabsicht (VoG) Nonprofit association |
vereniging in deelneming | société en participation (SEP) | Equity partnership |
feitelijke vereniging | société de fait | De facto partnership, partnership by estoppel |
eenmanszaak | entreprise individuelle | Sole trader (UK), sole proprietorship (US) |
vennootschap onder firma (VOF) | société en nom collectif (SNC) | General partnership |
gewone commanditaire vennootschap (Comm. V.) | société en commandite simple (SCS) | Limited partnership |
commanditaire vennootschap op aandelen (Comm. VA) | société en commandite par actions (SCA) | Publicly traded partnership |
besloten vennootschap met beperkte aansprakelijkheid (BVBA) | société privée à responsabilité limitée (SPRL) | Private limited liability company |
besloten vennootschap (BV) | société responsabilité limitée (SRL) | Private limited company |
eenpersoons besloten vennootschap met beperkte aansprakelijkheid (EBVBA) | société privée à responsabilité limitée unipersonnelle (SPRLU) | single member limited company |
Naamloze vennootschap (NV) | societé anonyme (SA) | Public limited company (UK) |
coöperatieve vennootschap met beperkte aansprakelijkheid (CVBA) | société coopérative à responsabilité limitée (SCRL) | Limited liability cooperative |
coöperatieve vennootschap met onbeperkte aansprakelijkheid (CVOA) | société coopérative à responsabilité illimitée (SCRI) | Unlimited liability cooperative |
Following changes to the Code of Companies and Associations, the term "Private limited liability company" (BVBA/SPRL) automatically became "Private limited company" (BV/SRL),[9][10] as a part of harmonising legal entity types within the European Union.
There are three main types of business entity in Brunei, namely sole proprietorship, partnership and company.[11]
A private company contains the term "Sendirian Berhad" or "Sdn. Bhd." as part of its name; for a public company "Berhad" or "Bhd." is used.[12]
In Canada entities can be incorporated under either federal or provincial (or territorial) law.
The word or expression "Limited", Limitée, "Incorporated", Incorporée, "Corporation" or Société par actions de régime fédéral or the corresponding abbreviation "Ltd.", Ltée, "Inc.", "Corp." or S.A.R.F. forms part of the name of every entity incorporated under the Canada Business Corporations Act (R.S., 1985, c. C-44). ? Ltd. or Plc (UK)
As an exception, entities registered prior to 1985 may continue to be designated Société commerciale canadienne or by the abbreviation S.C.C.
Under the Canada Cooperatives Act (1998, c. 1), a co-operative must have the word "cooperative", "co-operative", "coop", "co-op", coopérative, "united" or "pool", or another grammatical form of any of those words, as part of its name.
Unlike in many other Western countries, Canadian businesses generally only have one form of incorporation available. Unlimited liability corporations can be formed in Alberta "AULC", British Columbia "BCULC"[13] and Nova Scotia "NSULC". The aforementioned unlimited liability corporations are generally not used as operating business structures, but are instead used to create favorable tax positions for either Americans investing in Canada or vice versa.[14] For U.S. tax purposes the ULC is classified as a disregarded entity.
Rather, Canadian businesses are generally formed under one of the following structures:
Types of legal person business entities:[18]
Types of natural person business entities:
Non-profit:
An SE or SCE may be created by registration in any of the EU/EEA member states and may relocate its registered office to any other member state with minimal formalities.
The abbreviations are usually in Finnish, but Swedish names may also be used either as is or in combination with Finnish, e.g. Oy Yritys Ab.
In the corporations of real estate law, the ownership or membership may be vested either in the real property or in a legal or natural person, depending on the corporation type. In many cases, the membership or ownership of such corporation is obligatory for a person or property that fulfils the legal requirements for membership or wishes to engage in certain activities.
In addition to native types, European Union types are implemented:
In Hungary, business entities are mainly regulated by the Companies Act of 2006,[46] the Companies Registration Act of 2006 and the new Civil Code of 2013.[47] All companies are required to indicate their type in their name.
Name | Type | Notes |
---|---|---|
e.v. (egyéni vállalkozó) | sole trader | must be a natural person |
e.c. (egyéni cég) | sole venture | a company registered by and consisting of one sole trader |
bt. (betéti társaság) | limited partnership | requires one general partner with unlimited liability and one or more members with limited liability |
kkt. (közkereseti társaság) | general partnership | all members have unlimited liability |
kft. (korlátolt felel?sség? társaság) | limited liability company | company without stocks, the most common company type in Hungary[48] |
kht. (közhasznú társaság) | community interest company | abolished in 2009, must operate as nonprofit company instead[49] |
kv. (közös vállalat) | joint venture | abolished in 2006 |
rt. (részvénytársaság) | joint-stock company | replaced by Zrt. and Nyrt. in 2006 |
Nyrt. (nyilvánosan m?köd? részvénytársaság) | public limited company | must be listed on a stock exchange |
Zrt. (zártkör?en m?köd? részvénytársaság) | privately held company | not listed on stock exchange, otherwise the same as Nyrt. |
szöv. (szövetkezet) | cooperative | |
egyesülés | national version of European Economic Interest Grouping |
Name | Type | Notes |
---|---|---|
ehf. einkahlutafélag | Ltd. (UK) |
|
einstaklingsfyrirtæki | sole proprietorship | |
hf. hlutafélag | plc (UK) |
|
ohf. opinbert hlutafélag | government-owned corporation | |
saf. samlagsfélag | limited partnership | |
sv. samvinnufélag | cooperative | |
sf. sameignarfélag | general partnership | |
sfs. sjálfseignarstofnun | non-profit organization |
|
Most of the legal entity types are regulated in a modified version of the original version of the Dutch Burgerlijk Wetboek.
Situation in Ireland is similar to United Kingdom below, though without the class Community Interest Company. There were two forms of Company Limited by Guarantee, but only the form without a share capital is now used. Irish names may also be used, such as cpt (cuideachta phoibli theoranta) for plc, and Teo (Teoranta) for Ltd.
Business corporations are referred to as kaisha () and are formed under the Companies Act of 2005. There are currently (2015) 4 types and each of them has legal personality:
Partnerships are referred to as kumiai (). Each of these 4 types has no legal personality though other corporations, which include "kumiai" in their name, have:
South Korea's legal entity types are a remnant from Japanese occupation.
Note: Any of these entities can be incorporated as a "Capital Variable" entity, in which case has to add the "de C.V." sufix to its company name. Example: "S.A. de C.V.", "S. de R.L. de C.V."
one of above mentioned form (Preduzetnik; O.D.; K.D.; A.D.; D.O.O.), as such it is registered in the Central Register of Companies. This form is a little bit specific and was created for companies that are domiciled registered in other countries and have its part in Montenegro.
Companies are registered on the Companies Register and with a regional Chamber of Commerce.[52]
The Commercial Code establishes the following types of companies:
There are three main forms of business:
(a) Sole Proprietorship (b) Partnership (c) Company
In a sole proprietorship, an individual on his/her own account carries out the business or profession. No formal procedure or formality is required for setting up a sole proprietary concern.
A partnership is a business relationship entered into by a formal agreement between two or more persons or corporations carrying on a business in common. The capital for a partnership is provided by the partners who are liable for the total debts of the firms and who share the profits and losses of the business concern according to the terms of the partnership agreement.
Partnerships (other than banking companies) are generally limited in size to twenty partners. The interest of a partner is transferable only with the prior consent of the other partner(s). However, a partner's right to a share of the partnership income may be received in trust for another person.
For taxation purposes, partnerships are classified into:
(i) Registered Firms (ii) Unregistered Firms
The income of the registered firm is subject to Super Tax before distribution to the partners. Also the individual income of the partners is subject to income tax at the usual rates.
For unregistered firms, income tax is levied on the firm's income and the partners are not liable to pay tax on the shares of profit received from the unregistered firm(s).
A company is a legal entity formed under the Companies Ordinance, 1984. It can have share capital or can be formed without share capital.
A company having share capital may be formed as:
(i) A company limited by shares. (ii) A company limited by guarantee. (iii) An unlimited company.
The liability of its members is limited to the extent of their shares in the paid-up capital of the company. These companies may further be classified as public limited and private limited companies.
(i) Restricts the right to transfer its shares; (ii) Limits the number of its members to fifty; and; (iii) Prohibits any invitation to the public to subscribe for shares or debentures of the company.
A private limited company is required to use the words "(Private) Limited" as the last words of its name.
Means a company having the liability of its members limited by memorandum to such amounts as the members may respectively undertake to contribute to the capital of the company in the event of its winding up. A company limited by guarantee is usually formed on a 'non profit basis'. Companies limited by guarantee use the words (Guarantee) Limited" as the last words of their n Unlimited Company
Means a company having unlimited liability of its members
Older forms (now rarely used)
References: (Polish) Commercial Companies Code of 15 September 2000 (Dz.U. No 94 item 1037 as amended); (Polish) Civil Code of 23 April 1964 (Dz.U. No 16 item 93 as amended); (Polish) Law on Cooperatives of 16 September 1982 (Dz.U. 2003 No 188 item 1848 as amended)
Societi comerciale, abbreviated SC (Companies):
limited liability company "societate cu raspundere limitata" (SRL); joint stock company "societate pe actiuni" (SA);
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Private Limited Company, Sole Proprietorship and Partnership are the predominant types of business found in Singapore.[57]
AG (Aktiengesellschaft) | SA (Société anonyme) | SA (Società anonima) | ? plc (UK) or Inc. (US). Min. share capital CHF 100,000. Bearer or registered shares, of a par value of min. CHF 0.01 each. Details of shareholders generally not publicly available (except for main shareholders and management shares of publicly listed companies). |
GmbH (Gesellschaft mit beschränkter Haftung) | Sàrl (Société à responsabilité limitée) | Sagl (Società a garanzia limitata) | ? Ltd. (UK), LLC (US). Min. capital CHF 20,000. Registered shares only, of a par value of min. CHF 100 each. Name, address and share of each owner (and any changes) publicly recorded in the Official Register of Commerce.<https://web.archive.org/web/20110706221252/http://www.zefix.admin.ch/%3E |
According to Code of Obligations (fifth book of Civil Code) (Act No: 6098):
According to the Commercial Code (Act No: 6102):
?ah?s ?irketleri ? Partnerships (Unlike the partnerships in Anglo-American law, they also have legal personality like companies)
Sermaye ?irketleri ? Companies
According to the Capital Markets Act (Act No: 6362):
According to the Cooperatives Act (Act No: 1136):
Other entitites:
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Company formation is regulated by the Ukrainian Civil Code and Commercial Code, Law of Commercial companies, Law of stock companies, law and order.[]
In the United States, most businesses are incorporated under the law of a particular state. The federal government does not generally incorporate entities, with a few narrow exceptions.
For federal tax purposes, the Internal Revenue Service has separate entity classification rules. Under the tax rules, an entity may be classified as a corporation, a partnership, a cooperative or a disregarded entity. A corporation is taxed as a C corporation unless it elects and meets the requirements to be taxed as a Subchapter S corporation. A disregarded entity has one owner (or a married couple as owner) that is not recognized for tax purposes as an entity separate from its owner. Types of disregarded entities include single-member LLCs; qualified sub-chapter S subsidiaries and qualified real estate investment trust subsidiaries. A disregarded entity's transparent tax status does not affect its status under state law. For example, for federal tax purposes, a sole-member LLC (SMLLC) is disregarded, so that all its assets and liabilities are treated as owned by its single member. But under state law, an SMLLC can contract in its own name and its owner is generally not personally liable for the debts and obligations of the entity.[64] To be recognized as a Cooperative for tax purposes Cooperatives must follow certain rules under Sub Chapter T of the Internal Revenue Code.[65]
Of the few types of companies that may exist under a federally issued charter, the bulk are banks, credit unions, and similar depository institutions. Such institutions are distinguished from state-chartered banks by including a key word in their formal names. For a bank, the key word is "national". A bank chartered by the Office of the Comptroller of the Currency (OCC) must have the word "national" in its name. A bank chartered by a state cannot have "national" in its name.
For a savings bank (formerly called a savings and loan association) or credit union, the key word is "federal", and the same rules apply; a federally chartered savings bank or credit union must have the word "federal" in its name, while a state chartered savings bank or credit union cannot have "federal" in its name.
Many federal governmental units are specially formed public corporations, while some private organizations have received a charter from Congress.
The following are the main business structures that can be created without licensure by the government:
See also Delaware corporation, Delaware statutory trust, Nevada corporation, and Massachusetts business trust.
Required designations for corporations, by U.S. state, territory or commonwealth:
State, territory or commonwealth | Required in corporation name | Authority |
Alabama | "corporation", or "incorporated", or an abbreviation of one of such words, or if a banking corporation the words "bank", "banking", or "bankers" | § 10-2B-4.01(a)(1) Code of Alabama 1975 |
Alaska | "corporation", "company", "incorporated", or "limited", or an abbreviation of one of these words; may not contain the word "city", "borough", or "village" or otherwise imply that the corporation is a municipality. | § 10.06.105 (a) and (b), Alaska Corporations Code |
Arizona | "association", "bank", "company", "corporation", "limited" or "incorporated" or an abbreviation of one of these words or the equivalent in a foreign language. Corporation may not use "bank", "deposit", "credit union", "trust" or "trust company" unless it also has a license to operate one. May not use "limited liability company" or "limited company" or the abbreviations "L.L.C.", "L.C.", "LLC", or "LC" | § 10-401 Arizona Revised Statutes |
Arkansas | "Corporation", "Company", or "Incorporated", "Limited" or shall contain an abbreviation of one of those words; but the name may not end with the word "Company" nor the abbreviation "Co." if the final word or abbreviation is immediately preceded by "and" or any symbol for "and" | § 4-26-401 (1), Arkansas Code |
California | "corporation", "incorporated" or "limited" or an abbreviation of one of such words is required and for a statutory close corporations for corporate provisions to apply. May not contain "bank", "trust", "trustee" or "credit union" unless approved by the Commissioner of Financial Institutions. | § 202(a), California Corporations Code |
Colorado | "corporation", "incorporated", "company", "limited", "corp.", inc.", "co." or "ltd"; If the corporation is a professional corporation, it must contain the term or abbreviation "professional corporation", "p.c.", or "pc". | § 7-90-601, Colorado Revised Statutes |
Connecticut | "corporation", "incorporated", "company", "Societa per Azioni" or "limited", or the abbreviation "corp.", "inc.", "co.", "S.p.A." or "ltd." | § 33-655 General Statutes of Connecticut |
Delaware | "association", "company", "corporation", "club", "foundation", "fund", "incorporated", "institute", "society", "union", "syndicate", or "limited", (or abbreviations thereof, with or without punctuation), or words (or abbreviations thereof, with or without punctuation) of like import of foreign countries or jurisdictions (provided they are written in Roman characters or letters) | Title 8, § 102, Delaware Code |
District of Columbia | "corporation", "company", "incorporated", or "limited", or shall contain an abbreviation of 1 of such words | § 29-101.08 District of Columbia Official Code |
Florida | "corporation", "company", or "incorporated" or the abbreviation "Corp.", "Inc.", or "Co.", or the designation "Corp", "Inc", or "Co" | § 607.0401 Florida Statutes |
Georgia | 'corporation,' 'incorporated,' 'company,' or 'limited,' or the abbreviation 'corp.,' 'inc.,' 'co.,' or 'ltd.,' or words or abbreviations of like import in another language; must not be longer than 80 characters | O.C.G.A. § 14-2-401 |
Guam | "corporation", "incorporated", "company", or "limited", or the abbreviation "corp.", "inc.", "co.", or "ltd.", or words or abbreviations of like import in another language; if the word "company" or its abbreviation is used, it shall not be immediately preceded by the word "and" or an abbreviation or symbol representing the word "and." | Title 18, § 2110, Guam Code Annotated |
Hawaii | "corporation", "incorporated", or "limited", or the abbreviation "corp.", "inc.", or "ltd." | § 414-51 Hawaii Revised Statutes |
Idaho | "corporation", "incorporated", "company", "limited", or the abbreviation "corp.", "inc.", "co.", or "ltd.", or words or abbreviations of like import in another language; provided however, that if the word "company" or its abbreviation is used it shall not be immediately preceded by the word "and" or by an abbreviation of or symbol representing the word "and" | § 30-1-401 Idaho Statutes |
Illinois | "corporation", "company", "incorporated", or "limited", or an abbreviation of one of such words | 805 ILCS 5/4.05 Illinois Compiled Statutes |
Indiana | "corporation", "incorporated", "company", or "limited", or the abbreviation "corp.", "inc.", "co.", or "ltd.", or words or abbreviations of like import in another language | § 23-1-23-1 Indiana Code |
Iowa | "corporation", "incorporated", "company", or "limited", or the abbreviation "corp.", "inc.", "co.", or "ltd.", or words or abbreviations of like import in another language | § 490.401 Iowa Acts |
Kansas | (except for banks) "association", "church", "college", "company", "corporation", "club", "foundation", "fund", "incorporated", "institute", "society", "union", "university", "syndicate" or "limited", or one of the abbreviations "co.", "corp.", "inc.", "ltd.", or words or abbreviations of like import in other languages if they are written in Roman characters or letters | § 17-6002 Kansas Statutes |
Kentucky | "corporation", "incorporated" or the abbreviation "Inc.", or the word "company" or the abbreviation "Co."; but if the word "company" or the abbreviation "Co." is used, it may not be immediately preceded by the word "and" or the abbreviation "&." | § 273.177 Kentucky Revised Statutes |
Louisiana | (except for railroad, telegraph and telephone corporations) "Corporation", "Incorporated" or "Limited", or the abbreviation of any of those words, or may contain instead the word "Company" or the abbreviation "Co." if the latter word or abbreviation is not immediately preceded by the word "and" or the symbol "&". No corporate name shall contain the phrase "doing business as" or the abbreviation "d/b/a". Only a bank or bank holding company is allowed to use any of "bank", "banker", "banking", "savings", "safe deposit", "trust", "trustee", "building and loan", "homestead", "credit union", "insurance", "casualty", "redevelopment corporation", or "electric cooperative". | § 12:23 Louisiana Revised Statutes |
Maine | words or abbreviations of words that describe the nature of the entity, including "professional association", "corporation", "company", "incorporated", "chartered", "limited", "limited partnership", "limited liability company", "professional limited liability company", "limited liability partnership", "registered limited liability partnership", "service corporation" or "professional corporation"; beginning July 1, 2007, may also include "limited liability limited partnership" | for business corporations: Title 13-C § 401 Maine Revised Statutes; for non-profit corporations: Title 13-B § 301-A Maine Revised Statutes |
Maryland | For Corporations: "Company", if it is not preceded by the word "and" or a symbol for the word "and"; "Corporation", "Incorporated" or "Limited" or abbreviations; for Limited liability companies: "limited liability company", "L.L.C.", "LLC", "L.C.", or "LC"; for Limited liability partnerships: "limited liability partnership", "L.L.P." or "LLP"; for Limited partnerships: "limited partnership", "L.P.", or "LP"; for Limited liability limited partnerships: "limited liability limited partnership", "L.L.L.P.", or "LLLP"; for Professional corporations: "chartered", "chtd.", "professional association", "P.A.", "professional corporation", or "P.C." | Maryland Code - Corporations and Associations § 1-502 |
Massachusetts | "any name which, in the judgment of the secretary, indicates that it is a corporation" | General Laws Of Massachusetts - Chapter 155: Section 9 |
Michigan | "corporation", "company", "incorporated", or "limited" or shall contain 1 of the following abbreviations, corp., co., inc., or ltd. | Act 284 of 1972 Section 450.1211 Michigan Business Corporation Act |
Minnesota | nonprofit corporations are not required to use any of these words; for business corporations, they must use "corporation", "incorporated", or "limited", or shall contain an abbreviation of one or more of these words, or the word "company" or the abbreviation "Co." if that word or abbreviation is not immediately preceded by the word "and" or the character "&" | Chapter 302A, Section 302A.115 Minnesota Statutes (for Business Corporations); Chapter 317A, Section 317A.115 Minnesota Statutes (for non-profit corporations) |
Mississippi | "corporation", "incorporated", "company" or "limited", or the abbreviation "corp.", "inc.", "co." or "ltd." or words or abbreviations of like import in another language | § 79-4-4.01 Mississippi code |
Missouri | "corporation", "company", "incorporated", or "limited", or shall end with an abbreviation of one of said words |
Chapter 351 Section 351.110 Missouri Revised Statutes |
Montana | "corporation", "incorporated", "company", or "limited"; the abbreviation "corp.", "inc.", "co.", or "ltd."; or words or abbreviations of similar meaning in another language | 35-1-308 Montana Code Annotated |
Nebraska | corporation, incorporated, company, or limited, or the abbreviation corp., inc., co., or ltd., or words or abbreviations of like import in another language, except that a corporation organized to conduct a banking business under the Nebraska Banking Act may use a name which includes the word bank without using any such words or abbreviations | Section 21-2028 State of Nebraska Statutes |
Nevada | No specific requirements stated except that a name appearing to be that of a natural person and containing a given name or initials must not be used as a corporate name except with an additional word or words such as "Incorporated", "Limited", "Inc.", "Ltd.", "Company", "Co.", "Corporation", "Corp.", or other word which identifies it as not being a natural person | 78.035 Nevada Revised Statutes |
New Hampshire | Contain the word "corporation", "incorporated", or "limited" or the abbreviation "corp.", "inc.", or "ltd." | New Hampshire Revised Statutes - Title XXVII; Section 293-A:4.01 for business corporations |
New Jersey | Shall contain the word "corporation", "company", "incorporated", or shall contain an abbreviation of one of those words, or shall include the abbreviation Ltd. | New Jersey Statutes 14A:2-2 |
New Mexico | contain the separate word "corporation", "company", "incorporated" or "limited" or shall contain a separate abbreviation of one of these words | New Mexico Statutes Unannotated 53-11-7 |
New York | Shall contain the word "corporation", "incorporated" or "limited", or an abbreviation of one of such words; there is also a long list of words a business corporation is not allowed to use without additional approval from other agencies including "board of trade", "state police", "urban development", "chamber of commerce", "state trooper", "urban relocation", "community renewal", "tenant relocation", "acceptance", "endowment", "loan", "annuity", "fidelity", "mortgage", "assurance", "finance", "savings" and many others | New York State Consolidated Laws, Business Corporations Law § 301; Not-For-Profit Corporations Law, § 301 |
North Carolina | a corporation must contain the word "corporation", "incorporated", "company", or "limited", or the abbreviation "corp.", "inc.", "co.", or "ltd."; a limited liability company must contain the words "limited liability company" or the abbreviation "L.L.C." or "LLC", or the combination "ltd. liability co.", "limited liability co.", or "ltd. liability company"; a limited partnership that is not a limited liability limited partnership must contain the words "limited partnership", the abbreviation "L.P." or "LP", or the combination "ltd. partnership"; a limited liability limited partnership must contain the words "registered limited liability limited partnership" or "limited liability limited partnership" or the abbreviation "L.L.L.P.", "R.L.L.L.P.", "LLLP", or "RLLLP"; a registered limited liability partnership's name must contain the words "registered limited liability partnership" or "limited liability partnership" or the abbreviation "L.L.P.", "R.L.L.P.", "LLP" or "RLLP". | North Carolina General Statutes § 55D-20 |
North Dakota | must contain the word "company", "corporation", "incorporated", "limited", or an abbreviation of one or more of these words; may not contain the words "limited liability company", "limited partnership", "limited liability partnership", "limited liability limited partnership", or any abbreviation of these words. | North Dakota century Code 10-19.1-13 |
Ohio | It shall end with or include the word or abbreviation "company", "co.", "corporation", "corp.", "incorporated", or "inc." | Ohio Revised Code § 1701.05 |
Oklahoma | The name of the corporation which shall contain one of the words "association", "company", "corporation", "club", "foundation", "fund", "incorporated", "institute", "society", "union", "syndicate", or "limited" or abbreviations thereof, with or without punctuation | Oklahoma Statutes § 18-1006 |
Oregon | For private corporations it shall contain one or more of the words "corporation", "incorporated", "company" or "limited" or an abbreviation of one or more of those words; shall not contain the word "cooperative." For non-profit corporations there is no specific requirement except the name cannot imply a purpose not dictated in its articles of incorporation and cannot contain the word "cooperative" or the phrase "limited partnership." | Oregon Revised Statutes 60.094 for Private Corporations; ORS 65.094 for Non-Profit corporations |
Pennsylvania | Corporation, Corp., Company, Co., Incorporated, Inc., Limited, Ltd., Association., Fund., Syndicate or words or abbreviations of like import in languages other than English | Pennsylvania Code, Chapter 19, § 23.3 |
Puerto Rico | Corporation, Corp. or Inc., or words or abbreviations of like import in other languages, provided they are written in roman letters or characters | Title 14, Subtitle 4, § 2602, Laws of Puerto Rico. |
Rhode Island | "corporation", "company", "incorporated", or "limited", or an abbreviation of one of these words | Rhode Island General Laws § 7-1.2-401 |
South Carolina | "corporation", "incorporated", "company", or "limited", the abbreviation "corp.", "inc.", "co.", or "ltd.", or words or abbreviations of like import in another language | South Carolina Code of Laws Section 33-4-101 |
South Dakota | corporation, incorporated, company, or limited, or the abbreviation, corp., inc., co., or ltd., or terms or abbreviations of like import in another language | South Dakota Codified Laws 47-1A-401 |
Tennessee | "corporation", "incorporated", "company", or the abbreviation "corp.", "inc.", "co.", or words or abbreviations of like import in another language (provided they are written in Roman characters or letters); existing corporations which were formed using only "limited" or "ltd" are not required to change their name | § 48-14-101 Tennessee Code |
Texas | "company", "corporation", "incorporated", or "limited", or an abbreviation of one of those words. | Texas Business Organizations Code § 5.054 |
U.S. Virgin Islands | name shall be such as to indicate that it is a corporation as distinguished from a natural person or partnership. | Title Thirteen, § 2, Virgin Islands Code |
Utah | "corporation", "incorporated", "company"; the abbreviation: "corp.", "inc." or "co." or words or abbreviations of like import to the words or abbreviations listed in another language; without the written consent of the United States Olympic Committee, may not contain the words "Olympic", "Olympiad", or "Citius Altius Fortius"; without the written consent of the Division of Consumer Protection may not contain the words "university", "college" or "institute" | § 16-10a-401 Utah Code |
Vermont | "corporation", "incorporated", "company", or "limited", or the abbreviation "corp.", "inc.", "co.", or "ltd.", or words or abbreviations of like import in another language; shall not have the word "cooperative" or any abbreviation thereof as part of its name unless the corporation is a worker cooperative corporation | Title 11A, § 4.01 Vermont Statutes |
Virginia | "corporation", "incorporated", "company", or "limited", or the abbreviation "corp.", "inc.", "co.", or "ltd." | § 13.1-630. Code of Virginia |
Washington | "corporation", "incorporated", "company", or "limited", or the abbreviation "corp.", "inc.", "co.", or "ltd."; must not include "Bank", "banking", "banker", "trust", "cooperative", or any combination of the words "industrial" and "loan", or any combination of any two or more of the words "building", "savings", "loan", "home", "association", and "society" | § 23B.04.010 Revised Code of Washington |
West Virginia | "corporation", "incorporated", "company" or "limited", or the abbreviation "corp.", "inc.", "co." or "ltd.", or words or abbreviations of like import in another language | § 31D-4-401 West Virginia Code |
Wisconsin | "corporation", "incorporated", "company" or "limited" or the abbreviation "corp.", "inc.", "co." or "ltd." or words or abbreviations of like import in another language | § 180.0401 Wisconsin Statutes (for Stock corporations) and § 181.0401 Wisconsin Statutes (for non-stock corporations) |
Wyoming | Unclear; apparently any of "corporation", "company", "incorporated", and probably the usual abbreviations of "Corp." "Co." and "Inc." | § 17-16-401 Wyoming Statutes |
The commercial name should bear Omani Joint Stock Company (S.A.O.G)