By setting up a Company

In Chile, there are several types of companies that can be established, each with their own legal and financial structure. Some of the most common types of companies include:

1. Corporation (Sociedad Anónima): This is a type of company that is owned by shareholders and is managed by a board of directors. It is a separate legal entity from its shareholders and is liable for its own debts.

2. Limited Liability Company (Sociedad Limitada): This type of company is owned by one or more individuals and is not publicly traded. It is a separate legal entity from its shareholders and is liable for its own debts.

3. Individual Limited Liability Enterprise (Empresa Individual de Responsabilidad Limitada): This type of company is owned by a single individual and is not publicly traded. It is a separate legal entity from its owner and is liable for its own debts.

4. General Partnership (Sociedad en Comandita Simple): This type of company is owned by two or more individuals and is not a separate legal entity from its owners. The partners are jointly and severally liable for the company's debts.

5. Limited Partnership (Sociedad en Comandita por Acciones): This type of company is owned by one or more general partners and one or more limited partners. The general partners are jointly and severally liable for the company's debts, while the limited partners have limited liability.

6. Branch Office (Sucursal): This type of company is a foreign company that establishes a presence in Chile. It is not a separate legal entity from its parent company and is not liable for its own debts.

7. Representative Office (Oficina de Representación): This type of company is a foreign company that establishes a presence in Chile. It is not a separate legal entity from its parent company and is not liable for its own debts.