A company is a separate legal entity and can have debts, lawsuits and lawsuits. Shareholders of this company Shareholders can limit their personal responsibility and are generally not responsible for the company’s debt. A company is a complex business structure and has a high cost of regulation and reporting. You can also form a company as a private company or as a private or public entity. A registered company must have at least one manager and one secretary, unless it is a private company. A company is a complex business structure and has a high set-up and reporting cost. You can also form a company as a private company or as a private or public entity. A registered company must have at least one manager and one company secretary, unless it is a private construction company.