1.2 Types of organisations

The main types of business ownership:

• sole trader
• partnerships
• limited companies (private and public)
• public corporations.

Characteristics relating to size:

• concepts of risk, ownership and limited liability
• public corporations – reasons for and against public ownership
• ownership, control, sources of finance, use of profits, stakeholders and shareholders
• appropriateness of different forms of ownership.

Different forms of business organisation:

• franchises
• social enterprises
• multinationals.