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The six types of business organisations - Coggle Diagram
The six types of business organisations
Sole Trader
Unlimited Liability
Keeps all profits
(Example), Farmers , Retailers , Hairdressers , Plumbers
Public Limited Company(PLC)
no restriction on the number of shareholders
PLC must be listed in the name
Franchise
State Sponsored Body
A state sponsored body is a company owned by the government
Examples :
The government makes very little if no profit of these companies
This business is used to provide essential services and needs for the people
Co-operative
A business owned by a minimum of 7 member's
everyone has an equal say
Private Limited Company
A company limited by shares
A designated activity company
between 1 to 149 shareholders
