There are quite a lot of forms of incorporation to choose from, depending on the type of business you intend to conduct: 1. Limited liability company - Sociedad de Responsabilidad Limitada (S.R.L. / S.L.). 2. Newly created limited liability company - Sociedad Limitada Nueva Empresa (S.L.N.E.). 3. Unlimited liability company - Sociedad Colectiva. 4. Limited liability partnership - Sociedad Comanditaria. 5. Joint-stock company - Sociedad Anónima (S.A.). 6. Closed joint-stock company - Sociedad Laboral. 7. Joint ownership - Comunidad de Bienes. 8. Partnership - Sociedad Civil (S.C.). 9. Cooperative - Sociedad Cooperativa. 10. Individual entrepreneur - Empresario Individual / Autónomo