Analysis of Various Business Structures and Company Types

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This report provides a comprehensive overview of different types of companies and business structures. It begins by categorizing companies based on their size, including micro, small, medium, and large businesses, highlighting their key characteristics and examples. The report then delves into various company structures, such as sole traders, partnerships, limited liability businesses, public limited liability companies, and cooperatives, detailing their features and implications. Furthermore, it examines how organizational structures, including hierarchical, functional, divisional, and matrix structures, affect business productivity. The report also analyzes external factors that influence business performance, such as inflation rates, central rates, demographic factors, and legal factors, and concludes with a PESTLE analysis to assess political, economic, social, technological, legal, and environmental factors impacting businesses.
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Types of
company
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INTRODUCTION .....................................................................................................................................3
TASK 1....................................................................................................................................................3
Different types of companies.............................................................................................................3
TASK 2....................................................................................................................................................4
Different companies from sole traders to cooperatives and Limited Liability Partnerships..............4
TASK 3....................................................................................................................................................6
Consider different business structures and how external factors affect businesses..........................6
CONCLUSION.........................................................................................................................................7
REFRENCES............................................................................................................................................8
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INTRODUCTION
A company is the set of management of business that leads to the various
sort of segments that concentrates on the manner of the business goodwill, liability
and its individuals. It is a structure that includes the various sectors of companies
which involves the public sector, private sector companies that are having their share
capital and community interest company. The entrepreneurs and small business
owners are having the various mannered opportunities to start a new business of
management with selective benefits (Soewito, Andhika, 2019). This report includes
the different forms of business termed as micro business, small business, medium
size business and large size business. As it also discussed the quora of different
companies from sole traders to cooperatives and Limited Liability Partnerships.
TASK 1
Different types of companies
As the company is virtually based on its liability, goodwill and its act that make
them different from other business of management. The company would be arranged
in a segmentation to manage their various techniques as for tax and monetary
liability determinations that depends on the business law of its authority.
ď‚· Micro business : The micro business is a set of community that are having
fixed number of individuals in the business of management. The tax policy
that the company have to pay on the remunerations of micro business that are
theoretically not mannered it more inversely as than any other segment of
business. The company that are consider in this quora of business is Café
Pod Coffee. They have less than 10 individual also including the owner of the
company.
Characteristics
Willing to take risk : The micro business have their well acquired policy to manage
their issue and problems in the business of management. It might be important to
investing their own money when getting a return that is so accurate from assured
(Bacouel-Jentjens, Yang, 2019). As there is immense dissimilarity in recognising a
prospect in the market and follow it.
Concentrates on accomplishing targets : It includes the diminutive set of terms
that initialise the medium term and long term objectives. It might frequently
analysing the growth and development for managing the sort of regulations in
business.
Confident, Enthusiastic, and Passionate : As the successful micro business
holders that are good at encouraging other individuals in their management like
customers, individuals, management associates, contractors and many more.
Small business : It is privately owned corporations, partnerships and sole
proprietorships that have number of individuals employees and also have less yearly
profits than the normal sized business of management (Skobelev, 2017). The
company that are consider in this quora of business is Seyit DĂ©cor limited.
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Characteristics
Managed by the owner : It is managed and termed by the owner of the business.
It might be anyone in the management who termed as executive or leaders to
manage their individuals and subordinates.
Decision making : The small business involves effective decision making terms to
direct and control their team and subordinates. As they maintain a high business
degree of authority and responsibility.
ď‚· Medium business : The medium size business are defined as the family
owned business that are managed and controlled by the executives and
leaders with their virtual perception of mind set. They have separate legal
entity in the business. The company that are consider in this quora of
business is Hello Cleaners.
Characteristics
Innovation capabilities : The medium size business have their skilled individuals
in the management who are innovative to manage their terms and segmentation
in the market place.
Networking : They have their sources by which they can manage their business
policy that makes them effective and enhance their work as more efficient.
Large business : The large size of business have at least 6000 individuals in their
management of business. It also have annual turnover of 1.6 billion US dollars and a
balance sheet of higher than 3 billion of US dollars (Vidrova, Bohus, Adamko, 2021).
The company that are consider in this quora of business is Datestar Limited.
Characteristics
Lower revenue and profitability : The small scale size of business have usually
lower than another sector of business that is virtually oriented by their major
frame work. As the lower returns might not essentially interpret the terms in
lower viability.
Limited areas of fewer location : It can be operates from any single office or place
like retail store or service channel.
TASK 2
Different companies from sole traders to cooperatives and Limited Liability
Partnerships
Sole trader business : The sole trader proprietorship is also termed as the
incorporated business that has one owner who operates its functions and business
operations. The owner will also deals with management’s personal income tax on the
profit who are earned by them in the business of management (Unzueta, Esnaola,
Eguren, 2020). The company that are consider in this quora of business is Barclays.
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Characteristics
No liability protection : The sole trader proprietorship has the benefit in the
manner as the government deals as the same legal base of identity in the
business. The creditors of the sole proprietorship have their segmentations as the
personal belongings as the reimbursement for the business and its loss.
Insufficient tax structure : The sole traders can easily pass sort of actions that
enhance their part of business management and its profits and losses that can
directly add in the personal frame work of the income tax return. As this is a
divergence to a business that can file commercial tax return.
ď‚· Partnership : The partnership is can be defined as the manner between
individuals and the executives or leaders. As in partnership of business the
individuals and leaders are both share their profit and liability of the company.
Characteristics
Existence of an arrangement : The term partnership can be defined as per the
agreement or an act of 1932 that termed as the relationship of the partnership
that rise in the manner of status with the various sort of segmentations.
Sharing of profit : The objective of the partnership also states as the term in the
manner to earn profit and share as per the agreement in the equal sector of
business and its proportions.
Limited liability business : The limited liability business is the set of mixture of
ordinary segment of partners and limited partners. It should be registered as per the
annual return or file accounts (Jaakson, Aljaste, Uusi-Kakkuri, 2019). The limited
liability of business can also deals with the limited sum of money that have their
manner in the business and also the orientation of the financial market.
Characteristics
Separate legal entity : The limited liability company has the separate legal entity.
As they have their own virtual orientation in the market that relates to their
executives and leaders in the business of management.
Flexibility in taxation : The limited liability company has the definite term in the tax
liability. The subordinates in the LLC deals with their perception of orientation in
the manner of the business.
Public limited liability business : The public limited liability company defined their
role as the buyer of the shares has offered their values to the public and make them
more effective to deal with their orientations (Adıgüzel, Floros, 2019). The immense
section of the public sector company has the capability to work as per the capital that
issues to grant the manner of shares of public.
Characteristics
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Easy transferability : It involves the shareholder of public limited company that holds
the transfer of shares to the public in the virtual sector to manage their orientations in
the market. As there is no restriction for public or inviting the public for their share.
Limited liability : The segment of the shareholder that is limited in the perception to
the shares that are owned by them. The shareholders that are virtually initialise the
personal case to manage the loss and profit in the business of management.
ď‚· Cooperative : The cooperative is an independent association of an individual
that follows the managerial operations like economic, social, and cultural
segments for jointly retained management. It might frequently have the certain
levels of social goals that aim to accommodate them as by capitalising the
portion of substitution profits that frame it into their groups.
Characteristics
Voluntary membership : It has been termed as the right that states that anyone
can join the cooperative society by voluntary. As they will also have some
benefits in the manner to an individuals that deals with them.
Open membership : It involves the co-operative society that manage the
committee that may expel any term of individual for same purpose and it will not
be measured as the break of the value of open association.
TASK 3
Consider different business structures and how external factors affect businesses
Organisational structures
An organisation structure is the system that follows the activities and functions to
accomplish the targets and orientated goals of the management (Salehi, Tarighi,
Rezanezhad, 2017). It also involves the rules, role and responsibility that identify the
source of information that framed in the section to create the business of
management.
Business structure
ď‚· Hierarchical organisation structure: It defines the sections and level of
authority and responsibilities that shows about each individual manner. This
structure shows about the motivations and encouragement of individuals with
clear manner and chances for promotion that includes in the management. It
gives the individual a major task of specialise manner.
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ď‚· Functional organisation structure: As it is same to the hierarchical
organisational structure that builds the responsibilites and authorities. It is
organised as per to the particular skills and abilities it defines the functions of
company.
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ď‚· Divisional organisation structure: It involves the diviison of company and its
structure that control the essential resources to operate the management at
large division. It depends on organisation that concentrates to variations in
company.
ď‚· Matrix organisation structure: It involves the cross functional team that form
the culture of specialise project. It allows the executives to select the term as
on individual manner with dynamic view of the organisation.
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Various organisational structure affects business productivityď‚· Rate of inflation : The inflation rate is the set of percentage the level to
increase or decrease the price as per the specialise manner. If the price of
values are arises at the same time then the collapse will occur. When the
demand overtakes as per the supply the goods or services. The buyers have
the source of product as they are prepared to manage the complexity of
prices.
ď‚· Central rate influencing economic activities in a country : Economic condition
that informs the manner that relates to the government policy that allows the
large quantity to stimulus the economic growth and the concept of new
management of units.
ď‚· Demographic factor : As it relates the factor that termed the various sort of
characteristics of the individuals in the business of management.
Governments, corporations and non government management that manage
the demographics segment as about the population and features for many
objective (Lidinska, Jablonsky, 2018). It includes the frame work enlargement
and economic source of market research.
ď‚· Legal factor : As the legal factor that facilitate the external factor in the
business of management. The law that affect the way the business in the
sectorial offered of the product transportation of the profit edge that
practicality manage the market condition with rights and effective terms.
PESTLE analysis that affect the performance of a business
ď‚· Political factor : It termed as the frequent manner that involves the
government and its orientation in the perception form to maintain the various
segmentations. It includes the tax policies, fiscal policy, trade tariffs and many
more.
ď‚· Economic factor : It ensures the performance as per the economic source of
the company that have the direct impact on the inflation rate that will affect the
prices of product and services in the manner to enhance the output of the
company.
ď‚· Social factor : The social factor orientated the term that facilitates the market
trend, population analysis(Myasnikov, Romanovskii, 2018). It generally have
the high demand performance segments in the business of management.
ď‚· Technological factor : The factor ensures the innovations at various sort of
field to manage the market orientation that deals with the techniques and
methods as per current market trend.
ď‚· Legal factor : It involves the both segments of external and internal factor
that affects the business surrounding in the mannered way. The legal section
takes the mannered work in the frame work of the legislations to ensure the
consumer laws, safety standards and labour laws.
ď‚· Environmental factor : It involves the surrounding that is depends on the
climate, weather, location, global changes in climate and many more, that
affects the business.
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CONCLUSION
As per the above report it has been concluded that the capitalists and small
business proprietors that are having manner of source to manage the various
operations and functional areas of business to evaluate it. The management of
business deals with the consumers and visitors in their orientated segments to
perform the title of perception of quality. It would be agreed in a division to
accomplish their set of several practises as for excise and financial accountability to
determine the manner that depends on the business law of its authority.
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REFRENCES
Books and journals
Adıgüzel, H. and Floros, M., 2019. Capacity utilization analysis through time-driven
ABC in a small-sized manufacturing company. International Journal of
Productivity and Performance Management.
Bacouel-Jentjens, S. and Yang, I., 2019. Do we see the same? Discrepant
perception of diversity and diversity management within a
company. Employee Relations: The International Journal.
Jaakson, K., Aljaste, H.M. and Uusi-Kakkuri, P., 2019. Dimensions of organisational
innovativeness and company financial performance in the biotechnology
sector. International Journal of Manpower.
Lidinska, L. and Jablonsky, J., 2018. AHP model for performance evaluation of
employees in a Czech management consulting company. Central European
Journal of Operations Research. 26(1). pp.239-258.
Myasnikov, A.G. and Romanovskii, N.S., 2018. Characterization of finitely generated
groups by types. International Journal of Algebra and Computation. 28(08).
pp.1613-1632.
Salehi, M., Tarighi, H. and Rezanezhad, M., 2017. The relationship between board of
directors’ structure and company ownership with corporate social
responsibility disclosure. Humanomics.
Skobelev, P. O., and et.al., 2017. "Planning of production processes for agricultural
enterprises using joint competences of university and IT company in
development of knowledge bases." In 2017 IEEE VI Forum Strategic
Partnership of Universities and Enterprises of Hi-Tech Branches (Science.
Education. Innovations)(SPUE), pp. 141-143. IEEE, 2017.
Soewito, B. and Andhika, C.E., 2019, August. Next generation firewall for improving
security in company and iot network. In 2019 International Seminar on
Intelligent Technology and Its Applications (ISITIA) (pp. 205-209). IEEE.
Unzueta, G., Esnaola, A. and Eguren, J.A., 2020. Continuous improvement
framework to develop cultural change: case study, capital goods
company. The TQM Journal.
Vidrova, Z., Bohus, Z. and Adamko, P., 2021. Simulation as a Tool for Process
Optimization in a Manufacturing Company. In SHS Web of
Conferences (Vol. 92). EDP Sciences.
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