Understanding Different Types of Companies and Business Structures

Individual report

Table of Contents
INTRODUCTION...........................................................................................................................3
Section 1:understanding of the different types of companies................................................3
Section 2: explain different companies from sole traders to cooperatives and Limited Liability
Partnerships............................................................................................................................5
Cooperatives...........................................................................................................................6
Limited Liability Partnerships................................................................................................6
Section 3: different business structures and how external factors affect businesses..............6
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Business environment consist of micro ad macro environment factors that are affecting
the business organisation. Present report is based on the discussion of evaluating of different
types of companies, ranging from sole traders yo cooperatives and LLP's. Further there is
consideration of different business structures to evaluate the way external factors are affecting
the business. Each type of structure is affecting the business productivity so there has to be
evaluation of macro environment by application of PESTLE framework.
Section 1:understanding of the different types of companies
Definition, characteristics and example of micro business, small business, medium size
business and large size by Micro business
Definition characteristics example
Micro business Micro business is one
that has fewer than 10
employees and posses
a annual turnover or a
balance sheet that is
not greater than 2
million (Fabuš, 2017).
 The turnover
must not be
more than
632000 pounds
 The Balance
sheet has to be
not more than
316000 pounds
 The average
number of
employees
should not be
more than 10
Bross brewing
company is a example
of micro business that
is focussing on
changing the gender of
beer industry. It is a
woman led craft
brewery south Wales.
Creft brewery is based
on Swansea that has
secured listings with
UK largest national
pub chains and
achieved a 248 percent
turnover in a time
period of last three
years.
A small business in The number of Broadcast event house

small business UK is defined as the
one that does bot has a
turnover of more than
6.5 million pounds
and the balance sheet
total is not example
exceeding a amount of
3.26 million pounds.
Where the average
numbed of employees
is not more than 50.
employees in these
business are generally
ranging from 10 to 15
employees (Hamilton
and Webster, 2018).
is a limited company
in UK that is a small
sized business it is
located in Beckenham
house limited and has
36 employees
presently working in
this company and they
are generating a
revenue of 6.30
million dollar sales.
There are future three
companies that are part
of this event house
corporate family.
Medium size
business
A medium sized
business in UK is
defined as a
organisation that have
less than 250
employees and the
overall turnover is
under 12.9 million
pounds.
 The medium
sized business
is having a
turnover of 25
million pounds.
The employees
are generally
less than 250 in
number and
gross assets are
less than 12.5
million pounds.
Verdant leisure is a UL
based Medium sized
organisation where the
turnover is more than
50 million pounds. It is
holiday park company
that is operating in
north of England and
Scotland. It was
launched in the year
2010 and has been able
to maintain a
impressive customer
services with a annual
Turnover of 31 million