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Different Types and Purpose of Organization

   

Added on  2023-02-03

13 Pages721 Words27 Views
Business and Business
Environment
TASK 1

Table of Content.
Different types and purpose of organization.
Size and Scope of range of different types of organization.
References.

Continue..
Sole proprietorship: This refers to legal set up where business or
firm is been operated and controlled by a single person and owner
is not legally separated from business.
Partnership: This is formed by two or more parties and
relationship between them is governed by a partnership deed that
defines structure and scope of partnership.

Continue..
Corporation/ Limited Companies: They are separate legal
entities and have their own legal status which means owner and
company are two different persons. In United Kingdom, limited
companies are incorporated as 'Legal Person' and allocated with
unique identity number. There are two main forms of limited
companies these are:

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