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UNIT ORGANISATION - Coggle Diagram
UNIT ORGANISATION
TYPES
SOLE TRADER / SOLE
PROPRIETORSHIP
a single person owns a business
debts of the business = debts of
the owner
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PRIVATE AND PUBLIC COMPANIES
liability of the owner is restricted by their share capital (limited liability)
private company - the shares can't be bought by the members of public
private company - the shares are openly traded on a public stock exchange
LTD - a private company in the UK
PLC - Public Limited Company, a public company in the UK
LLC - a private company in the US
Corp - a public company in the US
a shareholder/ a stockholder - an owner of the business part
a stakeholder - anyone who's interested in the success of an organization
CORPORATE CULTURE
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FLAT STRUCTURE - a few layers of
management, decentralized
organisation
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SIZE
SME/SMB - small and medium-sized
enterprises/businesses
they employ fewer than 250 people and
have an annual turnover not exceeding
€50 million
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