A public institution is a non-profit public juridical person with limited civil liability, purpose of which is to serve public interests, by engaging in activities for the advancement of public benefits (trainings, publication activity, and many other activities, which serve public interests).

Private eterprice company is a private juridical person with unlimited civil liability. This type of juridical person is characterized by a less complicated order of founding compared to founding other juridical persons and also by the fact that there is a minimal capital stock is not established for founding an individual enterprise.

A decision to found a joint-stock company is usually made, when there is more than one company’s founder, when a considerable capital is required and business risk is greater than average, and, in such a way, it is desirable to constrain civil liability, that is to separate personal property from company’s property.