Types of Organisation

This presentation provides an overview of the different types of business organisations in both the public and private sectors. It discusses the advantages and disadvantages of different legal structures and explores how these organisations are managed and funded. The presentation also covers the nature and formation of various types of businesses.

TYPES OF
ORGANISATION

Table of 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
Organisation can be of different types and it is the choice of investor that in
which sector they would like to invest their capital. The most important
thing which is necessary to understand in it is that setup should be done as
per the requirement of law and regulations.

Nature And Formation Of Different
Types Of Business
Sole Proprietorship: These are small in size which get the right to conduct
business activity in limited area. Business is performed with small
amount of capital and it is among one of the reason that there are very
few legal responsibilities which is needed to be conducted

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Partnership Firm: Business organisation where people of similar
objective shows their participation to earn profit by coming together
in a single firm is known as partnership firm. In current situation,
the most commonly being formed business organisation is
partnership firm.

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Public Limited Company: The form of business organisation where
public get the opportunity to connect with association is known as
public limited company. This sort of business need to work at a
greater platform to earn the profit and correct team is require who
can take the daily basis decision for better outcomes

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Private Company limited Share: These are company in which
limited number of member come together for conducting business
activity. The main thing which is needed to be considered is that
any of the outsiders are not allowed to join company in any of the
situation.

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Limited Liability Company: These are the business organisation
where combination of partnership and corporations can be seen as
number of benefits are provided to them and even it is easy to
perform. The legal structure to incorporate any of LLC is that list of
members should be prepared and after that the formation of MOA and
AOA should be done.

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Limited Liability Company: These are the business organisation
where combination of partnership and corporations can be seen as
number of benefits are provided to them and even it is easy to
perform. The legal structure to incorporate any of LLC is that list of
members should be prepared and after that the formation of MOA and
AOA should be done.

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Corporation: This are the business organisation which perform business activity at a
greater platform where lots of legal duties are needed to be followed. The legal structure
which is needed to be followed for starting business is that name and address is must.
Then, MOA and AOA is also needed, directors and shareholder are to be decided so that
all of the legal work can be done in a systematic manner.

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S-Corporation- This are the business organisation which I perform business activity at a
smaller grounder where up to 100 shareholders are allowed to be the part of a company.
The main benefit of this types of company is that it gets the opportunity to perform
business at which paying any of the income tax.

Advantages And Disadvantages Of
Different Legal Structures
Sole Proprietorship: The main advantage of sole proprietorship firm
is that is whole of the profit is taken by the owner himself/herself.
Public Limited Company: Any of the outsider can invest their
capital in the company which is one of the advantage whereas
disadvantage is that it has to follow lengthy procedures to take business
decisions.

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Partnership: Advantage of partnership firm is that work can be
easily divided among the partners whereas disadvantage is sometimes
all of the partners might not agree on the same decision taken by the
firm.

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Private company limited by share: Each and every work can be
done in systematic manner as proper team is allocated who takes
business decision which is its main advantage.
Limited Liability Company: Business activities can be easily
performed in it which is pros for investor but disadvantage is that
company have to pay lots of expenses which increases the overall cost of
a company.

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Limited Liability Partnership: The partners can perform their
work without any burden which is the advantage in it but disadvantage
is that all of the partners must follow the order of general partners as
his is the one whose liability is unlimited in it.

Critical Evaluation Of How Different
Organisations managed and funded
Limited Companies: These are the company where number of
activities need to be performed and all of them needed to be managed
in a systematic manner and for that proper team is required in it. Here,
company is managed by shareholder, managers and directors who take
the major decision in a company.

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Social enterprises: These are the organisation where main motive
is that how company can work for the welfare of public by providing
them maximum profit at very reasonable cost. Profit earning is never a
motive of social enterprises.

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Public Corporation: This types of company is needed to be managed by the Board of
Directors who plays the most crucial role where as Bank loan, peer to peer lending is the
main source of raising fund in it. Also, fund can be raised with the help of issuing shares
and debenture.

Conclusion
It can be concluded that business organisations are of different types
and they all of different nature of formation. Organisation like Sole
Proprietorship and Partnership doesn't have the right to sue and be
sued on its own name. It is necessary that guidelines which are
given within the Companies Act 2006 must be considered at the
time of taking any of the decision.

References
Acemoglu, D. and Jackson, M. O., 2017. Social norms and the enforcement of laws.
Journal of the European Economic Association. 15(2). pp.245-295.
Antwi, S. K. and Hamza, K., 2015. Qualitative and quantitative research paradigms in
business research: A philosophical reflection. European Journal of Business and
Management. 7(3). pp.217-225.
Burns, L. D., Mullet, K. K. and Bryant, N. O., 2016. The business of fashion: Designing,
manufacturing, and marketing. Bloomsbury Publishing USA.

Thank you