Classification of Business Organizations

Business Law
TASK 2

Classification of business organizations
Solo proprietorship
 In this partnership business is owned by single person. There are some
advantages of the solo proprietorship.
 In this they make their own Dickinson Other advantage of the solo proper
ship is that they will only the recipient of the business they only get
profit.
 They do not have to share their profit. They have their own liability.
Partnership
 Partnership is build with more then 2 persons. In the partnership business
they have to share equal profit and they have to share equal liability.
 Most of the people start their business with the partnership because.
 More partners means more capital in the business but there are some
disadvantages as well in the partnership

Advantages and disadvantages of different legal
structure
 United Kin is offering different structures for company they all have their
own advantages and disadvantages as well.
 The best approaches if they are instead to forming is to engage with the
company that can assist them in determine that best for the collaborate
goals.
 By using any company which which can offer quality advice and
formations , they will be fully prepared to make the proper decisions.
 There are two different legal stature which can be followed by companies.

To Be continued
Private limited company
 Private limited companies are separate legal entity in a public limited
companies shares are soled to pubic.
 Most of the finance for company come from public shares. Minimum
50,000 dollars share capital are provided to the public. PlC companies
are called Publicly trade companies.
 In a public limited companies also have their own legal identity.
Companies have to attached their in the list of stock exchange.