Types of Companies, Ownership and Organizational Structure in Business Practice

Business and Practice

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Section 1.......................................................................................................................................1
Section 2.......................................................................................................................................2
Section 3.......................................................................................................................................4
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Company refers to a type of Business Organization where there is a group of people
which is working together to attain common Business Goals and Objectives in the future quite
effectively and efficiently in a proper manner (Bocken, Morales and Lehner, 2020). There are
different types of companies and it is quite important that a proper analysis of the companies can
be done in a right manner. This will help in taking the appropriate strategic decisions in a proper
way. In this report, a detailed and specific discussion will be made on the types of companies so
that the management of the needs and requirements can be done.
MAIN BODY
Section 1
There are various types of Businesses which are present. It is necessary to make sure that
a proper and detailed analysis of the Businesses is done. An explanation of the Businesses is as
follows-
Micro Business- These are the Businesses which are quite small in size and therefore
they can be started with a very minimum amount of investment. Therefore, it is quite necessary
that a detailed and proper analysis of these Businesses can be made. The characteristics of Micro
Business in UK are as follows-
 The turnover should not be more than 632000 pounds.
 The Balance Sheet total should not be more than 316000 pounds.
Example- Issoria is an example of a Micro Business. It provides a wide range of consultancy
services to its different types of customers and clients and thus in this way ensures that they are
able to make progress in a proper manner.
Small Business- These are the Businesses which are small in size and they can earn appropriate
level of profits if they can make sure that the appropriate products and services are provided to
the customers. Thus for this particular purpose it is quite essential that the analysis of these
Businesses can be carried out. The characteristics of Small Business in UK are as follows-
 The turnover should not be more than 650000 pounds.
 The Balance Sheet total should not be more than 326000 pounds.
Example- Broadsword Event House is a Business which can be considered as a Small
Business because it is small in size and has been started with low investment. The Business
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