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Types of Company and responsibilities of the members

 

1.  Unlimited liability Company
Formed by at least 2 members who have subsidiary responsibilities in relation to the company.
 
2.  Mixed Liability Company
a)      Mixed Liability Company by quotas:
Composed of unlimited and limited liability partners. Limited liability partners are only responsible for their share proportion with no responsibility for any debts incurred by the company; Unlimited liability partners are responsible for all debt of the company.
b)      Mixed Liability Company by shares:
Limited liability shareholders acquire shares of the company and are only responsible for this amount, unlimited liability shareholders are responsible for all debt of the company.
 
3.  Limited Liability Company by quotas*:
This is the most common type of company set up in Macao, composed of 2 to 30 members. The minimum value for each quota should not less than Mop1000, each subscriber should have at least 1 quota.
Another type is Limited Liability Company by a Sole Owner. Any natural person can set up his own company with his own capital. This company is formed by 1 quota and consists of 1 single person. This type of company is subject to the same regulations that apply to Limited Liability Company by quotas.
 
4.  Limited Liability Company by shares 
A Limited Liability Company by shares has a share capital. The minimum capital is Mop 1,000,000 and the minimum value of each share must be Mop 100 with shares of equal value. Composed of at least 3 members, the shareholders are responsible only for the shares they owned, not for the debts of the company. The company is responsible for the debts in its total assets.