Types of Organisations

This presentation provides an introduction to the different types and classification of business organisations in both the public and private sectors. It includes a critical evaluation of the advantages and disadvantages of different legal structures. It also explores how different organisations are managed and funded in both sectors.

Types of
Organisations

Cover Content
 Introduction
 Different types and classification of business
organisations in both the public and private sectors
 Critical evaluation of the advantages and disadvantages
of different legal structures.
 Different organisations are managed and funded in both
public and private sectors.
 Conclusion
 References

INTRODUCTION
 Company law is defined as the law which
explained the rules and regulations related to the
formation of business . It is necessary that each
and every business organisation must follow the
rules and regulations else penalty can be
imposed on business organisation.

Classification Of Business
Organisations
Sole Proprietorship It is considered as one of the smallest form of
business in which an individual is responsible for operating the
business activities and bearing all the profit or losses of their business.

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Partnership Firm: This is the business organisation which is formed and
operated by with the help of two or more than two individuals. In this
formation the requirement of funds is lower and results is better as compare
to other business organisation.

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Private Company limited by Share In this, those
companies are included which are formed with the help
of limited number of people. The liability of all the
member within this organisation is limited to their
shares. The shares of this company can not be traded
publicly but it can be transferred to the stakeholders of
the business and family members of all members.

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Corporation: It is explained as the business organization which as the
responsibility to perform at greater platform. Mainly this types of
company are MNCs which works at international level.

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S corporations are ordinary business corporation that elects to
pass corporate income, losses, deductions, and credits through to
their shareholders for federal tax purposes

Advantages And
Disadvantages Of
Different Legal Structures
Sole proprietorship (Advantages)
 The main advantage that investor get is that they are
able to start their business at low amount of capital.
 Other the disadvantage of this formation is that they
have lower changes of succession due to the small
size of this entity.

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Sole proprietorship (Disadvantages)
 It is not capable to sue and be sued by any of the
person.

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Partnership Firm (Advantage):
The major advantage of this formation is that this firm is able to collect their
funds from various resources like banks, financial institutions and many others.

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Private Company limited by share (Advantages)
This organisation has a range of benefits within due to
which most preferred this organisation to work under this
category. The main profit of this company is that in this
the liability of all the members for shareholders are
limited as per their share

Different Organisations Are
Managed And Funded In
Public And Private Sectors
Limited Companies These organisations are
performing their activities at a huge level due to
which the management of the operations is
essential. For managing their work these business
firms are taking help of manager, company
secretary, shareholder, directors and others.

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Social Enterprises This type
of firms are mainly
concerned with the aim of
social service. The main
motive of them is not to earn
profit but social welfare.

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Public sector are those business organization which are managed
and funded by government as well as public. But major shares
are in the hand of public. These are those business organization
which is managed by directors, managers and shareholder.

Conclusion
From the above file, it can be concluded that company law
is one of the crucial law which plays significant role at
the time of formation a company. Different rules and
regulations are required to be considered at the time of
formation of a company.

References
De Padirac, B., 2018. The international dimensions of cyberspace
law. Routledge.
Epstein, R .A., 2018. A Common Law for the First Amendment.
Harv. JL & Pub. Pol'y. 41. p.1.
Lee, R., 2017. White-collar criminal: the offender in business and
the professions. Routledge.
Lordkipanidze, R., 2018. Dialectics to understanding of
International competition: for fundamentals and practice of
business and public law.