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types of bisiness organization - Coggle Diagram
types of bisiness organization
private busines
sole traders
positive
simplicity
profits
freedom and flexibility
negative
limited capital
isolation
complete legal responsibility
partnership
unlimited partnership
Limited partnership
positive
support
additional skills
capital
negative
decision-making
legal responsibility
profits
cooperative
negative
leadership
finance
decision-making
positive
strength in numbers
government assistance
unity and support
limited companies
public limited company
private limited company
negative
extra costs
loss of control
lack of privacy
lack of relationship
positive
financial resources
legal identity
limited liability