Types of Business Organization

    Subdecks (1)

    Cards (11)

    • Sole Trader
      • Owned by 1 person
      • Unlimited liability
      • Only person to make decisions
      • 1 person receives all the profit
    • Partnership
      • Owned by 2+ people
      • Unlimited liability
      • Share profits
    • Limited Liability Company

      • Owned by 1-20 persons
      • Many owners (shareholders)
      • Limited liability
      • Dividends shared
    • Co-operatives

      • Owned by its members
      • Created for the benefit of members
    • Non-profit Organisations

      • Not interested in profits
      • Created to assist people in need
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