
Key features
Every partner has unlimited liability for partnership debts. Once registered it becomes a juristic person; an unregistered ordinary partnership is taxed like an individual.
How to register
At least 2 partners agree the name, objectives, office and contributions, then file with DBD. Partners may contribute money, property or labour.
When to choose it
Suits small businesses between highly trusted partners, but personal assets are more exposed than in a limited company, so it is now uncommon.
Frequently asked questions
Are accounts required?
Yes, once registered it must keep accounts, file financial statements and corporate income tax.
Can foreigners be partners?
Yes, but the foreign capital share affects foreign status under the law.
Send your documents for our accounting team to review
Call 092-0170000 · LINE @THAIL · contact@thailaw-accounting.co.th
Fees: ask our team for a quote
Sources
- Department of Business Development
- Office of the Council of State (Thai legislation)
- Thai Revenue Department
Reviewed by the accounting team at Thai Law & Accounting Services · Last reviewed 4 Oct 2026 · General information, not tax or legal advice for your specific case