Forms of business entities
Currently, the following forms of commercial legal entities (for-profit) may be incorporated in Russia:

  • Full partnerships;
  • Limited partnerships (“kommandit” partnerships);
  • Limited liability companies;
  • Additional liability companies;
  • Production cooperatives;
  • Joint-stock companies (open and closed);
  • Unitary enterprises (state-owned legal entities not open to foreign investors).
Of the above, only the joint-stock company resembles a corporation, but the limited partnership and the limited and additional liability companies also limit the liabilities of investors, as described below.