The legislation of the Republic of Armenia establishes multiple
legal frameworks for the formation of business entities, ensuring
flexibility for entrepreneurs in selecting the most appropriate
structure for their operations. Among the primary forms are Limited
Liability Companies (LLCs) and Joint-Stock Companies (JSCs).
Joint-stock companies, in turn, are categorized into Open
Joint-Stock Companies (OJSCs) and Closed Joint-Stock Companies
(CJSCs), each governed by specific regulatory and operational
principles.
Entrepreneurs intending to engage in economic activities in
Armenia often face the challenge of choosing the most suitable
organizational and legal form for their business, as this decision
has significant implications for corporate governance, financial
liability, investment opportunities, and regulatory compliance.
