Types of business organization

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riassunto sintetico e chiaro di tutte le forme organizzazione aziendali in inglese (3 pagine formato doc)

Types of business organization - Private businesses are of many different types and sizes, from a small shop owned and run by a single person to a multi-national company.
Smaller businesses tend to be sole traders, partnerships or cooperatives. Larger businesses are all limited companies.
SOLE TRADER
THE SOLE TRADER is the simplest type of business that is owned and run by a single person. The sole trader has got UNLIMITED LIABILITY, so he is responsible for all debts of his business. Examples of sole trader are: electricians, plumbers, shopkeepers etc…

Leggi anche Definizione di business

•    The advantages are that: PROFITS ARE NOT SHARED WITH ANYONE, DECISIONS ARE MADE QUICKLY AND THE OWNER DOESN’T NEED A LOT OF MONEY TO SET UP THE COMPANY.
•    The disadvantages are: LIMITED CAPITAL; LONG HOURS OF WORK; COMPLETE LEGAL RESPONSIBILITY BECAUSE IF THE BUSINESS GOES UNDER, THE OWNED COULD LOSE ALL HIS PERSONAL ASSETS.

Leggi anche I modelli di business

PARTNERSHIP
A PARTNERSHIP is an association of two or more people, maximum 20, that contribute their capital and professional experiences to set up a business, with the view of making a profit, sharing it proportionally. A sleeping partner doesn’t take an active part in the running of the business.
There are two type of partnership:
1.    In an unlimited partnership the partners are like sole traders: they have UNLIMITED LIABILITY.
2.    In a limited partnership at least one partner must have UNLIMITED LIABILITY; all the others have LIMITED LIABILITY.

Leggi anche Tesina di inglese sul business organization