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Legal Forms of Companies

Limited Liability Company (LLC or LDA)

Number of partners: At least 2 (may be individuals or other companies, foreigners or nationals), up to a maximum of thirty. In some cases can be also established by a single shareholder, that has to be an individual.
Capital (max/min): There is no legal requirement as to the amount of share capital. The share capital is divided into "quotas", which are nominative.
Shareholders and liability: Shareholders are jointly and severally liable for the whole of the share capital contributions. Claims of creditors are limited to the assets of the company for its debts.

Public Limited Company (SA)

Number of partners: Minimum of 3 shareholders, who may be natural or corporate persons, nationals or foreigners.
Capital (max/min): The amount of share capital must be appropriate to carry out the corporate objective, though there is no minimum legal requirement. The entire share capital must be fully subscribed and 25% of the capital must be paid up at the time of incorporation. Capital is divided into shares, which may be nominative or bearer shares, represented by certificates of shares.
Shareholders and liability: The liability of each shareholder is limited to the value of the shares subscribed, and claims of creditors are limited to the assets of the company.

Limited Partnership

Number of partners: At least two, individuals or other companies, foreigners or nationals.
Capital (max/min): There is no legal requirement concerning the amount of share capital.
Shareholders and liability: There are two types of partners: capitalist shareholders (who limit their liability to the value of the contribution that they paid up) and industry shareholders (who do not contribute to the share capital, but merely participate in the company with their work and are exempt from any liability for the  debts of the company)

Business Setup Procedures

Source: Doing Business - Latest available data.