Different Forms of Companies and Organizational Structure

Business in Practice -
Individual Report

Table of Contents
INTRODUCTION...........................................................................................................................3
SECTION ONE:..............................................................................................................................3
Different Forms of the Company...........................................................................................3
SECTION TWO:.............................................................................................................................4
Different Types of Companies...............................................................................................4
SECTION THREE:..........................................................................................................................6
Organizational Structure.........................................................................................................6
Impact of External Factors on Business Performance............................................................7
CONCLUSION................................................................................................................................8
REFERNCES...................................................................................................................................9

INTRODUCTION
Business organisations are essentially those that aid in the description of a business
organisation. It also aids in understanding how some of these groups, despite their differences in
structure, achieve their aims and objectives. The purpose of this report is to learn about the
different sorts of companies and how they operate. It also seeks to explain the many forms of
business structures and their profitability of the company. Finally, the report discusses numerous
external factors that have an influence on the company's operational activities with the help of
effective business model.
SECTION ONE:
Different Forms of the Company
MICRO BUSINESS
There are no more than ten employees in this type of business. This is a micro business with an
annual revenue of less than £2 million and a balance sheet of less than £316,000 pounds. The
proprietor must invest a small sum of money to carry out practically all of the obligations and
activities of this kind of firm. According to statistics, these micro-businesses contribute to the
general economy (Reese, 2020). Microbusinesses are critical to the country's long-term
economic success. It also boosts the nation’s economy by focusing on developed and emerging
economies that are underdeveloped. This sort of microbusiness is typically started with the very
same amount of funds as the preceding one, and it is run, managed, and controlled by the very
same person. It benefits the economy by sustaining social cohesion throughout the United
Kingdom's areas. Freelancing, architectural businesses, locksmiths, and so on are examples.
SMALL BUSINESS
This is a company with a small capital contributed by the proprietor, yet it has much more
than one comparison to a tiny firm. This sort of business, as per the Companies Act of 2006,
does not employ more than 50 people and does not employ less than ten. The annual revenue of
the company is less than £10 million, and the total balance sheet must not exceed £4 million.
Small firms are sustainable enough in relation to income and extent. The corporation continues
to improve the economy both locally and internationally, and it may be capable of contributing
more monetarily in the future. Even this type of business makes a major contribution to the
economy. Mostly as result, they contribute to the long-term vitality of the economy. Because