Types of Companies

This article discusses the different forms of companies and their role in business management. It covers micro businesses, small businesses, medium-sized businesses, and large businesses. It also explores the external factors that can affect businesses.

Types of Companies

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
Different forms of companies and their role in the management................................................3
TASK 2............................................................................................................................................5
Different companies from sole traders to cooperatives and Limited Liability Partnerships.......5
TASK 3............................................................................................................................................7
Consider different business structures and how external factors are affecting businesses.........7
Organisation structure: An organisation management of structure is a controlled in several
state of actions that are managed in respects of achieving the target as successfully to
accomplish the targets and set of objectives of business. It also identifies that how points of
content flows in various levels from higher level to lower levels in a management. It generally
design by the enforcement or any respective to amends the productivity or profitability of
management................................................................................................................................7
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
As there are various sort of business in the manner of the organisational structure that is
patterned to be followed as the way of business management. It is a social group of respective
that are all set to deal with the management activities in a unique form of the business and also in
a perceptual manner with the average possibilities. This report includes that respective forms of
organisations and their role and purpose. As to the given source it also covers the forms like sole
traders, cooperative and limited liability partnership. The company considered in this report is
Sainsbury(Beekhuizen, 2018). It also concern the structures of business and their elements
which are outwardly affecting their organisation which consider business management and
PESTEL analysis that relates to their analysis.
TASK 1
Different forms of companies and their role in the management
Different individuals who consider business management in the functional way that
relates their values of the organisation that concern to their average sort to set the state of flow
and related possibilities. As the development and improvement in the organisation as on the
manner of liabilities, ability and many more.
 Micro business: It generally defines the manner to employing 7 to 9 candidates or less
than it in the management structure. Aldi UK operates the management operations and
managerial role that requires less than $50,000 to deal with the management. Some of the
examples for micro business is Aldi UK who compete Sainsbury and another section of
business as per the administration that are considered as micro enterprise.
Characteristic of a micro business
Negotiable to change: A micro business management structure know how to adjust their
way as per to their structural value in the management for measuring respective field of
area.
Business and ability specialisation: It represents to be particularize in the way of
authority as per the quality and ability that increase level in the business(Caviggioli,
2020).
Low overhead expenditure: The leaders of the micro business with lower monetary value
that have few income to pay out with the less functional expenditure.

Independence for the non- committed: Sainsbury individuals are all capable to select their
goals and course as according to their position and values.
 Small business: It is basically a general statement as self owned firm, business
partnership and sole ownership that have few amount of candidates like Associated
British food organisation that allows the authorities to support the manner that is rarely
intensify the structure(Chang, 2018). It diverge the supportive and look at segment to
initialise the term on the business.
Characteristic of a Small business
Self employment: It focus on the self employment in the social control of administration which is
created by the amount of particular goal to execute the management of business.
Objective oriented: It focuses on the plan and policies at are amount in which respective will
able to achieve their objectives and targets successfully.
Fund allocating: By creating monetary fund in management to determine the activity and
operations as to relate their part and the way that how it will execute in the series. This is the
ability through which the form of assets and it may also handle the judgement to adjusted its
objectives in the management.
 Medium size business: It involves the various structures of business management that
concentrates it as the household owned business concern by controlling their task and
manner of the business of Morrisons that is well implanted and have an noticeable
attainment by which it will handle the tangled quora in the business management
structures that speculates the broad section.
Characteristic of a Medium size business
Customer dealing: It enhance to analysis the negative consumer and turn them into their positive
consumer can also a key factor of medium size business growth and development.
Act quiet under pressure level: It defines the manner by gathering discarded customers in the
business management which affect their management to put the theoretical pattern in a important
way for them to bring down the emphasis in management structure.
Quickly adapt changes: It generally include the situation to manage in the business activities as
per their business terms and policies that are categorized to determine the way of
possibility(Chung, Park,2017).

 Large size business: A large size business is a business that determines the favourable
conditions for workers, that at least 6000 to 7000 workers and it has annual turnover rate
of higher than 2.1 billion monetary unit(Davies, 2020). Large company like Tesco have
successfully developed serious activity to provide respective as capable ability to its
order.
Characteristic of a Large size business
As the possibilities that are rising as to the large program in the social control of management to
continuous in the field of market that are observing the quality of activity.
TASK 2
Different companies from sole traders to cooperatives and Limited Liability Partnerships
 Sole trader business: It is the widest way of management structure that is specifically
not an high-priced set of quantitative relation. It is instantly liable for the dealings and
duty of the business management.
Characteristic of Sole trader business
Ownership by an individual: As it is owned by single individual that contributes its assets and
statement(Durur, 2020). The proprietor is also states as managing director of their business
organisation that covers conditions.
Freedom of work and quick decision: As the respective is the proprietor of the management of
business that aspect it as the quality of work.
Enjoying entire profit: The earnings and advantages of integral management of business that
states the quality of business and their advantages that are for their manner of execution.
No separate entity: There is no detached legal entity in sole trader business.
 Partnership: A partnership is a planning that states between two or more group of
people to manage business dealings that share their earnings and susceptibility. In the
regard of management, every individual shares both benefits and as well as profit and
liabilities.
Characteristic of Partnership
Limited life: It concern partnership statement that is required in the management of business to
direct it and function it to get execute as it in might continuity of the end point or withdrawal
process in a deed of partnership.

Mutual agency: In a partnership the respective are allow to negotiate the contract and statement
that allows it to be in a serial order with the role of dealings.
Unlimited liabilities: Partners who may utilise their assets as per the social control
manner(Erikson, 2016). If one respective who does not use the capable measure of asset as per
their title to keep it will and become susceptible as by the individual as it requires the amount of
cost.
 Limited Liability Business: Limited liabilities of business is a isolated and distinct at
legal entity. It defines that a tax determination of numbers or progressive bank account
that are into it. It is not a firm as under state rule of lawful sort of a management that
provides the modest liabilities to their proprietors. It is termed as the adaptability that
provides the terms to business proprietor in segment of the partnership.
Characteristic of Limited Liability Business
Separate legal entity: There is separate legal identity of limited liabilities of management in
which the proprietor is deal with their possess assets to subject their liability as group of an
respective.
Limited liabilities: As per to this, it will fulfil their force faculty with modest liabilities activity
that enhance the case of management that will controlled by the other relative. As it will instantly
liable by it.
Flexibility in taxation: It enhance their associates with position of tax liabilities in the way of tax
that will obstinate the firm to select the manner of the structure that want.
 Public limited liability business: It usually promote it the exclusive management that
links the voluntary association of staff faculty that are organized and tuned for isolated
legal entity in the susceptible way. The public limited companies are canned on the stock
exchange where it listed as publicly.
Characteristic of Public limited liability business
Separate legal entity: As the state of term, company is a legal entity that has separate entity for
reference the further investor in a personnel faculty.
Easy transferability: It relates that a investor of public limited business can well easy for
transferring to its shares to the public administration(Garrido-Prada 2019). There is no limitation
on transferring the assets to the public or it inviting the public subdivisions.

 Cooperative: A cooperative is a self- reliant organisation of respective that are
voluntarily guide to meet the average objectives and set of targets with profitable, ethical
and social necessity that are put together for owning it.
Characteristic of Cooperative
Voluntary membership: It is the first primary principles of co- operation that have communal
involvement in the concept of the social group that are put together and prepared to proceed the
part of the concerted social group.
Open membership: As apart from being in the quality of activity , as the relationship of the
management is all set to up with status, sex, etc. The co- operative society negotiate their
administrative unit that may also exercise (Großmann, von Gruben, Lazina, 2016).
Finances: The finance of a co- operative society that are secured by the associates through which
it influence the part of share. It basically for the weaker sections as their superior group will
spare.
Liabilities of faculty: As like the management the co- operative society also controlled their
liabilities for modest base that will consider in the way of function.
TASK 3
Consider different business structures and how external factors are affecting businesses
 Organisation structure: An organisation management of structure is a controlled in
several state of actions that are managed in respects of achieving the target as
successfully to accomplish the targets and set of objectives of business. It also identifies
that how points of content flows in various levels from higher level to lower levels in a
management(Jeon, Jeong, Jeong, 2016). It generally design by the enforcement or any
respective to amends the productivity or profitability of management. Various external factors that are affecting business
Rate of inflation: The section of rising prices can entirely affect the Sainsbury as by the inflation.
It straightly affects the economic system which leads the economic development, higher
involvement rate and volatile movement of acceptance.
Central rate influencing economic activities in a country: Management should know the fields of
area to recognise the dynamic changes in the management that is widely passing to it and hence,

it represents the longer term of sense of knowledge and ability that are changes at fluent
statements.
Demographic factors: It includes grouping of people, age distribution, spiritual composition,
attainment level, inter- territorial division migration, etc. that involves the management task and
plans(Lichtenthaler, 2016).
Legal factors: The legal term of framework that decides the legislate of wage fixation,
managerial remuneration, safety and health at work, etc. it is centrally planned as per to the
sections that fixes up to the government.
 PESTLE analysis and Various external factors that affect the performance of a
business
As by realising positive and negative personal effects in management or out side the
business, it will become easy to put appropriate policies and task to handle any situation in
market(Porter, 2020). It may also measure by considering internal and external components that
are directly touching it to the management.
Political factor: It includes the components that are needed to be apply it while configuring the
way of superior as per potentiality of business.
Economic factor: It determines the economic execution that concerns the economic development,
exchange rates, rising prices of rates, interest rate, etc. that affects the buying power of customer.
Social factors: It involves aggregation tendency like development rate, age of statistical
distribution, etc. that is social barrier in the business.
Technological factors: This factor may also involves the determination to make management as
more sensible in the points of actions and productivity ratio in term of Sainsbury.
Environmental factor: It involves environmental and surroundings of factors that affects the
management to develop it as more that affects the other management of business who run it.
Legal factor: If an management of business trades at globally then it will get on as more
especially to set their position and conditions.
CONCLUSION
It can be concluded from the above report that, a management is set of direction in
management that builds their rules. It also encourage and motivates the outset as ups and young
business organization at each area of section that is noted as a sole ownership firm(Rouquet,
Goudarzi, Henriquez, 2017). It consider micro business, small business, medium size business,

large size business to ensures the social control statement and it values where it also ascertained
the external factors who affects business organization and management.

REFERENCES
Books and Journals
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Chang, S.E., 2018. Indonesian Company Law. Routledge.
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psychological distance between company and consumer. Computers in Human
Behavior, 76, pp.312-320.
Davies, P., 2020. Introduction to company law. Oxford University Press.
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