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CH 24 Types of Business Organisations (Part 1 For New Businesses) - Coggle…
CH 24 Types of Business Organisations (Part 1 For New Businesses)
Sole Trader
Features
Finance
Liability
Control/Decision-making
Profits
Dissolution
Advantages + Disadvantages
Look back at CHAPTER 21
Partnership (2-20)
Features
Finance
Liability
Control/Decision-making
Profits
Dissolution
Advantages + Disadvantages
Look back at CHAPTER 21
Co-operative (Co-op) 7+ members
Types
Worker Co-op
Financial Co-op
Producer Co-op
Consumer Co-op
Features
Finance
Liability
Control/Decision-making
Profits
Dissolution
Advantages + Disadvantages
Look back at CHAPTER 21
Registry of Friendly Societies
Private Limited Company
Types
Company Limited by Shares (Ltd)
Designated Activity Company (DAC)
Company Limited by Guarantee (CLG)
Unlimited Company (UC)
Government Documents
Constitution
Memorandum of Association
Articles of Association
Certificate of Incorporation
Features
Finance
Liability
Control/Decision-making
Profits
Dissolution
Advantages + Disadvantages
Look back at CHAPTER 21
State-owned Enterprise
Features
Finance
Liability
Control/Decision-making
Profits
Dissolution
Advantages
Provide Employment
Provide Essential Services
Income for Government
Disadvantages
Lack of Profit Motive
Loss-making
Management