Types of Companies

Types of Companies

Table of Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
TASK 1.......................................................................................................................................................3
Different types of companies and how they work....................................................................................3
TASK 2.......................................................................................................................................................5
Sole Trader Business...............................................................................................................................5
Partnership...............................................................................................................................................6
Limited Liability Business.......................................................................................................................6
TASK 3.......................................................................................................................................................6
Business Structure.................................................................................................................................6
REFERENCES............................................................................................................................................9
Books and Journals:.................................................................................................................................9

INTRODUCTION
Company is a body corporate and legal entity which represents an association of people
whether it is legal, natural or combination of both but they have specific goal for the company.
This report is prepare on the explanation about types of the corporate bodies or companies which
shall be considered as a small, medium and large scale business (Ahmed, R. and Et.al., 2020).
This report is aims to discuss the external factors of the business which creates impact on the
growth and development in the corporate bodies. In this report the Tesco Company is mentioned
with PESTLE analysis. Tesco Company is multinational retail in nature which specialized in
trading of clothes, groceries, shoes, furniture and many more products.
MAIN BODY
TASK 1
Different types of companies and how they work.
Small Size Business:
Small size private labelled corporations or partnership that have minimum employees and
less yearly profits in comparison with regular size business or companies. Small business in
many countries such as small grocery stores, guest house, bakeries, convince in stores and many
more. Small business can be understand in a way that functions on a small scale level and have
an association of minimum labors which have productions and services on small scale level.
Characteristics:-
Small scale companies have many types of characteristics which are mentioned below.
Generally small scale business has low revenue and profitability in comparison with
larger size organizations. Here, low profits does not mean to translate or represent into less
productivity for the business instead it supports to retain prices which is more than leveraged
company. Small scale organizations having small team of members in its functioning. Such type
of organizations can be operate by single or a few members of team (Cunha, T. P. and Et.al.,
2020). With a concentration there are many small business owners that manages their company
with huge responsibilities. The concentration on the problems and challenges and the aptitude to
block out of the interruption of objectives and goals assist them to become a prosperous business
owner and trading with the market. These kind of business operates there business functions
from a single outlet or a single office. Partnership title and taxes, usually this corporate prefers to
operate or run as sole proprietorship or can be said limited liability company. Small scale
companies outfits highest degree of management control for their association by managing the
cost reduction of registration of business.
There are various best examples of small sized business with the more focus and such
examples are mentioned below:-
Catering business, broad world event house, internet business, car washing gardening,
business fast delivery restaurant, sandwich bar, coffee shop and many more.