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TYPES OF ORGANIZATIONS - Coggle Diagram

- - - - liable for each other's debts
- - - - (sh) are limited in their liability
        
        amount of investment
  - - - CHARACTERISTICS
        
        the smallest type
        
        suitable for
        
        business start-ups
        
        sole traders and partnerships looking for limited liability
        
        shares
        
        can't be advertised
        
        must done privately with agreement of all shareholders
        
        mostly family businesses
      - ADVANTAGES
        
        limited liability
        
        source of finance
        
        continuity
      - DISADVANTAGES
        
        legal requirements
        
        loss of privacy
        
        limited grown
    - - CHARACTERISTICS
        
        larger type of company
        
        publishes a prospectus to advertise the company to potential shareholders
        
        stock market
        
        traded on
        
        any member of the public can buy and sell shares
        
        must be floated on the stock exchange
      - ADVANTAGES
        
        sources of finance
        
        credibility
        
        expansion
      - DISADVANTAGES
        
        costs
        
        loss of control
        
        business size
- - - - without compromising social purpose
  - - - sole traders
      - partnership
      - company
        
        ex. Baron Fig
        
        every sell -> plant 1 tree
        
        environmental awareness
        
        notebooks
    - - work with/for local/regional governments
      - ex: food, cleaning, recycling.
    - - many members run it
      - big quantity of members
- - - - Sunat
      - Sedapal
  - - - Apple
      - Nike
- - - - small shops
      - restaurants
- - - - offers service to the public, and the consumers also own the business