There are a variety of companies available and each has certain advantages and disadvantages, and make them suitable for certain applications:
- A Limited Company. This is a company limited by share capital. The company has shareholders who control the company and their potential liability is limited to the subscribed equity.
- A Guarantee Company. This is a company that is limited by guarantees. It has no shareholders but guarantee members. Their liability is limited to the amount of their guarantee.
- A Hybrid Company. This company combines the characteristics of both a limited company and a guarantee company and offers many advantages. These companies are very well suited to function as quasi trusts.