Types of Company: Micro, Small, Medium, Large, Sole Trader, Partnership, Cooperatives & Limited Liability

TYPES OF COMPANY

Table of Contents
INTRODUCTION...........................................................................................................................1
SECTION: 1 Different types of companies and how they are working..........................................1
SECTION: 2 Define different organsaition from sole trader to partnership, cooperatives &
limited liability.................................................................................................................................3
SECTION: 3 Different business structure and macro factors which is affecting business.............5
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Business is the separate legal entity which is engaged in manufacturing goods and
services which the consideration of generating higher profitability. Business in practice is the
approach in which the individual or the group of people are engaged in some commercial task
with the sole motive of higher profitability(Soniewicki, 2021). This report will cover the
different type of business which is existing in the business environment such as micro, small,
medium and large organsaition. Moreover, It will evaluate the type of business on the basis of
their operations such as sole trader, partnership and public limited liability and corporative.
Lastly, it will evaluate the impact of internal and external factor which affecting the business.
SECTION: 1 Different types of companies and how they are working.
Micro business
Definition- these are the type of business which is operating their business with the
limited resources and funds as their main consideration is to have easy survival of their family
and friends. They usually cover the local areas to operate their venture with the limited capital.
Characteristics- The main feature of micro size venture is that they give the employment
up to 0-9 employees or less than that and usually generate the revenue of around 632000 euros.
In this, they emphasis on understanding the needs and wants of potential customers so that they
can offer the products and services accordingly.
Example- Boss brewing venture is the best example for small size business as they are
giving job up to0-9 employees with the nominal wages.
Small business
Definition- It is the business structure in which they emphasis on having the certain
opportunities and employing up to 49 employees so that they can ensure the higher profitability
and long term survival in the market.
Characteristics- Key feature of small business is that they usually work with up to 49
employees and emphasis on attaining higher profits and success in the large marketplace. They
do not pay the tax due to their low profit margin.
Example- Cafe pod coffee co. is the suitable example for such enterprises. It is the best
manufacturer of strong coffee for the coffee lover and offering best services. They are emphasis
on providing innovative coffee to their customers so that they can generate higher profitabilility.
1