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Y10 BM TB1 Business Structures (Different types of businesses (taxes,…
Y10 BM TB1 Business Structures
Different types of businesses
taxes
records
liability
for-profit, private
Sole Trader
Partnership
Private Limited Company
Public Limited Company
Franchise
For-profit social enterprises
It refers to a form of business that has a social purpose which improves human, social or environmental well-being.
It also aims to make a profit
They do not want to maximize profits if doing so compromises their social purpose
Non-profit social enterprises
Social purpose is the main aim
They do not aim to make any profits
NGO and charities are two broad categories
NGOs are not organized or run by any government