Types of Companies: Definition, Characteristics and Examples

Type of Companies

Table of Contents
INTRODUCTION...........................................................................................................................4
SECTION 1......................................................................................................................................4
Definition of micro business........................................................................................................4
Characteristics of micro business.................................................................................................4
Example of micro businesses.......................................................................................................4
Definitions of small business.......................................................................................................5
Characteristics of small business.................................................................................................5
Example of small business...........................................................................................................5
Definition of medium size business.............................................................................................5
Characteristics of medium size business......................................................................................6
Example of medium size business...............................................................................................6
Definition of large size business..................................................................................................6
Characteristics of large size business...........................................................................................6
Example of large size business....................................................................................................6
SECTION 2......................................................................................................................................6
Definition of sole trader business................................................................................................6
Characteristics of sole trader business.........................................................................................7
Example of sole trader business...................................................................................................7
Definition of partnership..............................................................................................................7
Characteristics of partnership......................................................................................................7
Example of partnership................................................................................................................8
Definition of limited liability business........................................................................................8
Characteristics of limited liability company................................................................................8
Example of limited liability business...........................................................................................8
Definition of public limited liability business.............................................................................8
Characteristics of public limited business....................................................................................8
Example of public limited business.............................................................................................9
Definition of Cooperative............................................................................................................9
Characteristics of cooperative......................................................................................................9
Example of cooperative...............................................................................................................9

SECTION 3......................................................................................................................................9
Different organizational structure................................................................................................9
Organizational structure affects business productivity..............................................................10
External factor affects the performance of business using PESTLE analysis...........................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................13

INTRODUCTION
A company is a judicial entity defined the people or group to work collectively to
accomplish the objective. There the company is an artificial person, it is created by law.
The company may organized is many ways. The company is generally formed to earn
profit from the business and each company has its own structure. This report is
discussed the definition, characteristics and examples of different companies such as
micro, small, medium, large business and sole trader, partnership, limited or public
limited business. Likewise, the report also contain different types of organizational
structure and how the external factors can affect the business using PESTLE analysis.
SECTION 1
Definition of micro business
These are microenterprise or small business. These business can employee few
people (Sedek Abdul Jamak and et.al., 2017). A micro business have 0-9
employees or persons they appoint. The business need small amount of capital
which would be taken in advance from a bank or any organization. The small or
limited loans are often enough to set up a small business in easy way.
Characteristics of micro business
 The borrowers in the micro finance are from low-level income backgrounds.
 The loan provided in the micro finance are ordinarily in small amount.
 The loan holding period is little.
 These loans do not need any security for the repayment.
 These loans can be repayable at higher rate.
 The loan is taken for the purpose of income generation.
Example of micro businesses
Boss Brewing Company