Refer to the Civil and Commercial Code of Thailand, the established partnership is happened from a contract between two or more persons who agree to engage the business and share a benefit and loss together.
For the limited partnership, it is an ordinary partnership that was registered with the
The difference between Ordinary & Limited
|Agreement between partners||Required||Required|
|Registration of partner with authority||Not required||Required|
|Number of partners||2 or more||2 or more|
|Limited liability of partner||Not permitted||Permitted|
|Managing partner||Not required||Required|