Co.,Ltd. vs LP vs GP — Business Entity Comparison
Compare Thai business structures side-by-side — liability, tax rates, registration costs, auditor requirements, and more. Take the quick quiz to find the right fit.
Comparison Table
Co.,Ltd.Best | Ltd. Partnership (LP) | General Partnership (GP) | |
|---|---|---|---|
| Min. Founders | 2 persons (Companies Act 2023) | 2 persons | 2 persons |
| Liability | Limited to paid-up capital | Type 2 partners: limited Type 1 partners: unlimited | Unlimited (all partners) |
| Min. Capital | No minimum | No minimum | None |
| Registration Fee | ฿5,000–6,500 (DBD) | ฿1,000–1,500 | No registration required (if unincorporated) |
| Corporate Tax Rate (SME) | 0% ≤฿300K 15% ฿300K–3M 20% >฿3M | Same as Co.,Ltd. (if incorporated) | Personal income tax 0–35% |
| Auditor | CPA required (all sizes) | CPA or TA (if eligible) | Not required (if unincorporated) |
| Credibility | High (banks & partners prefer) | Medium | Low |
| Ownership Transfer | Easy (share transfer) | Requires all partners' consent | Requires all partners' consent |
| Best For | Growth businesses External investors Bank credit | Family businesses Low-cost setup Few partners | Very small ventures Market testing No legal entity needed |
Hover over a column to highlight it. CIT rates shown are for SMEs (revenue < ฿30M, paid-up capital < ฿5M).
Find Your Match
Answer 3 quick questions to get a recommendation.
Q1. How many founders?
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Contact WACCFrequently Asked Questions
Can I convert from LP to Co.,Ltd. later?
Yes. You can dissolve the LP and register a new Co.,Ltd., or in some cases, convert the existing structure. WACC can handle the entire process.
Does a Co.,Ltd. always need a CPA auditor?
Yes. All Co.,Ltd. registered in Thailand must have financial statements audited by a Certified Public Accountant (CPA) regardless of size. LPs may use a Tax Auditor (TA) if eligible.
What is the minimum registered capital for a Co.,Ltd.?
There is no minimum. However, for bank loans or large contracts, having at least ฿1M–2M paid-up capital is generally expected.
Is a General Partnership cheaper to set up?
An unincorporated GP has no registration cost. However, all partners bear unlimited personal liability, which is a significant risk for most businesses.
This comparison is for general guidance only. Tax rates, fees, and legal requirements may change. Consult a licensed accountant or legal advisor before registering a business.