Types of Companies

TYPES OF COMPANIES

Table of Contents
INTRODUCTION ..........................................................................................................................1
TASK 1............................................................................................................................................1
Explanation of various types of business organisations on the basis of size ..............................1
Difference between organizations. ..............................................................................................2
TASK 2............................................................................................................................................3
Explanation of different types of organizations on the basis of their legal structure .................3
TASK 3............................................................................................................................................4
Explanation of various types of organization structure and their usefulness in productivity......4
CONCLUSION ..............................................................................................................................6
REFERENECES..............................................................................................................................8

INTRODUCTION
Business is systematic way through which individual able to provide their product &
service to relevant customer. For this they need to start up with administrating in organization.
This report is preparing to define how micro, small. Medium and large corporation is used to
start as business. And characteristic of sole trader, partnership and corporations in effective way.
It also consider that organization have various option to select best relationship structure which
help in work in effective and efficient way. This also define technique used by managers for
analysing effect of external factors.
TASK 1
Explanation of various types of business organisations on the basis of size
Business organizations is the medium through which individuals sell their product an
serve in market to fulfil demand of customers as well as earn money to run their life. Following
are the types of organization
Micro business: Thus type of enterprise includes those entities which have less then 10
employee work within the organization and their annual sales turnover is less then or equal to 2
million. Merce 's beauty is situated in Lutton, it is micro size beauty salon which provides best
kind of beauty care product and service facilities to their client.
Small businesses : It considered those organization which has annual turnover is 10 million and
employees engaged not ore then 50 (Storey, 2017). CAFEPOD Coffee Company is started by
Peter Grainger and Brent Hadfield. It is famous in local market of UK. George Achilleos is start
Achilleos
Medium size : Organization in which more then 50 but maximum 250 employees work in
organization and have 50 million turnover in specific year. It is consider as medium size
organizations. Capitfy is founded by Adam Ludwin and Domini Joseph it is IT company which
offers data and media intelligence serves to their relevant clients.
Large size: It includes those corporations which have range of annual turnover is more then 250
million and where more then 250 employees work . TESCO is one of the most famous largest