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BUSINESS ORGANISATIONS - Coggle Diagram

- - - - family businesses
        
        -restaurants
        -cafés
        -hairdressers
        -butchers
        -greengroceries
    - - CRAFTSMEN
      - SKILLED WORKMEN like:
        -carpenters
        -plumbers
        -decorators
        -electricians
- - - - all partners take an active role in the managment of the B. and are liable for the company's debts, they can also lose personal assets if the B. goes bankrupt
    - - some partners only contribute capital and don't take part in the managment of the B. because they are liable only for the amount of money they invested in the beginning
        
        called LIMITED/SLEEPING PARTNERS
      - at least one partner must have unlimited liability, so he/she is responsible for the company's debts
        
        called GENERAL/UNLIMITED PARTNER
- - - - they are CORPORATED (co.) companies in the USA
      - there can be only 2 share/stockholders with no maximum number
      - the shares may be quoted on the stock exchange
        
        and can be sold to the public
      - the sare capital must be at least 50.000 pounds
    - - they are INCORPORATED (inc) companies in the USA
      - there is a minimum of 2 share/stockholders with no upper limit
      - the shares arent traded on the stock exchange market unless all shareholders agree
        
        and cant be advertised publicly for sale
      - the share capital must not exceed 50.000 (fifty thousands) pounds
- - - - is an already existing large and well-known company with an enstablished market
        
        it has to invest relatively little capital in distribuition outlets and keeps a percentage of the franchisee's annual profits
    - - is a small business that gets the right from the franchisor to use its trade name and make or sell its products in a specific location
        
        it has to pay an initial amount of money, it recieves the shop forniture in the company's style and marketing support from the franchisor
        
        it doesnt invest capital in advertising campaigns, as the business record and reputatrion of the franchisor supports the franchisee, also because of this the risk of failure is reduced