There argon more types of different organisation that has purpose:
Private Sector:
furbish up Trader also known proprietorship, it makeup set up as for-profit pedigree owned by one person. They argon handlesmen such as plumbers, electricians, television repair people, local tree shops etc.
Partnership: A partnership is a for-profit business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three typical classifications of partnerships are:
general partnerships,
control partnerships,
Limited liability partnerships.
Partnerships are typically found in overlord services such as accountants, solicitors, doctors, dentists etc, where the partners buttocks share expertise and skills. They also can merge their capital together.
Franchises are licensing arrangements whereby an idiosyncratic or group can buy the right to trade and produce under a well known gull name in a given locality. The franchisee benefits from working for themselves magic spell having the privilege and reputation associated with a much larger group. Coca-Cola franchises roughly of its bottling operations, and you will all be familiar with McDonalds.
Many of the McDonalds outlets are franchised, they trade globally.
Private companies - are typically small family businesses that trust to keep the control of the business within the family. Private companies piss Ltd after their name. They are typically smaller than public companies although whatsoever like Mars are very large. Shares in a private company can only be bought and exchange with permission of the Board of Directors with the shareholders have limited liability.
Corporation is a limited liability business that has a separate wakeless personality from its members. Corporations can be either government-owned or privately-owned, and corporations can organise either for-profit or not-for-profit.
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