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:beer_mugs: Types of Businesses :beer_mugs: ((Private Company…
:beer_mugs: Types of Businesses :beer_mugs:
Private Company
Disadvantages
Advantages
What It Is
a company whose shares may not be offered to the public for sale and which operates under legal requirements less strict than those for a public company.
Public Company
Disadvantages
-Has Strict Rules
Advantages
What It Is
a company whose shares are traded freely on a stock exchange.
Partnership
Disadvantages
Advantages
What It Is
Owned by two or more people. max of 20 people
Government Enterprise
Disadvantages
-Funding through Government
Advantages
-Funding Through Government
What It Is
A government-sponsored business activity, such as a public utility.
Soul Trader
Disadvantages
Advantages
What It Is
Sole Trader, owns and runs the business solo. may employ other works but holds the finacial side.
Social Enterprise
Disadvantages
Advantages
What It Is
A business made for the market and services.