The principal forms of business organization under Thai law are sole proprietorships, partnerships, limited companies and public limited companies. In addition, branches of foreign corporations are recognized, and may be required to be registered to do business in many economic sectors. "Representative" or "liaison" offices of foreign companies are not recognized as distinct legal entities, and may be treated as branch offices for tax and other purposes.

1. Limited Companies

Limited companies provide for, among other things, a flexible joint venture structure, and are generally, the form of business organization preferred by many foreigners doing business in Thailand.

Formation. Seven people must be present to sign and witness a duplicate copy of a memorandum of association to form a limited company, and the following details must be provided:

	Personal information such as names, addresses, and occupations of the promoters and the number of shares which they control. It should be noted that at least one share must be promoted by each promoter.
	acknowledgement that the shareholders' liability is subject to limitations.
	the company's objectives.
	the number of shares and average value thereof . This is to represent the capital structure of the company.
	the name (the word "limited" must be included in the title) and registered location of the company. The company name must be translated into the Thai language, but transliterations into other characters may be registered also.