Types of Companies and Business Structures

TYPES OF THE
COMPANY

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY ..................................................................................................................................3
TASK 1 ...........................................................................................................................................3
Different types of companies and how they work......................................................................3
TASK 2............................................................................................................................................5
Business Structure ......................................................................................................................6
PESTLE ANALYSIS..................................................................................................................7
CONCLUSION ...............................................................................................................................8
REFRENCES...................................................................................................................................9
Books and Journal.......................................................................................................................9

INTRODUCTION
The aim of this report to examine about the different types of company. A company is a
legal entity which is developed or defined by a group of people to involve the person and
activities in order to run and direct the business. In other term a company is an entity which is
made by team of association in order to operate, perform together so that they can achieve their
aims and objectives (Abrell and Karjalainen, 2017) . This report is going to explain about the
types of companies and what are external factors that create impact on the organisation in
regards of growth and improvement.
TASK 1
Different types of companies and how they work
Small Business:
Small business is owned sole proprietorships, corporation, partnership which have less
number of workers and less revenue. Small business operates on a small scale and produce and
manufacture the goods and services at a very small level (Winterbottom, 2016). Small level
industries include guest house, bakeries and many more. In this small business range is fifteen
workers under the work act. The number of employees are 10 to 50 in small organisation and the
turnover is above £2 million and less than £10 million.
Characteristics of small business
 They are much flexible because they acquired quickly to several factors which
play a huge role in routine management of the company.
 The owner of the small scale industries are much profit motive or profit
conscious. They always make their efforts and trying to make or keep high
margin in the pricing.
 This is set by the one man means the activities and operations of the company is
carried out by the of director.
Micro Business
Micro business refereed to small scale business in that the number of the workers is less
than 9. The turnover of the organisation is very less. Micro business is going through with
several challenges and issues. As they have few resources and low financial stability in the
industries. They have to face the problems in context of acquiring the bank loans because of the