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e.v. (egyéni vállalkozó): sole proprietorship

e.c. (egyéni cég): sole proprietorship registered at "companies house"

bt. (betéti társaság): partnership, at least one unlimited/general partner and one limited partner

kkt. (közkereseti társaság): ≈ general partnership

kft. (korlátolt felelősségű társaság): ≈ Ltd. (UK)

kht. (közhasznú társaság): community interest Ltd. (UK) (not registrable anymore, must use nonprofit kft. instead)

kv. (közös vállalat): joint venture

rt. (részvénytársaság) limited company with shares (not registrable anymore, must use zrt. or nyrt. depending on publicness):

zrt. (zártkörűen működő részvénytársaság): ≈ Ltd. (UK)

nyrt. (nyilvánosan működő részvénytársaság): ≈ plc (UK)

Of these, only nyrt., zrt., the formerly used rt., and kft. have legal personality.

Sole Proprietorship - liability is unlimited.

Partnership - liability is joint and unlimited.

Active partners take part in day-to-day operations of the business, in addition to investing in it. Active partners are entitled to a share of the enterprise's profits.

Sleeping partners invest in the business and are entitled to a share of its profits, but do not participate in day-to-day operations.

Limited Liability Partnership - Liability is limited

HUF (Hindu Undivided Family) - businesses owned by a joint family belonging to Hindu religion. Even though Jain and Sikh families are not governed by the Hindu law, they can still form a HUF.