Business Information

The Purposes Of Different Types Of Organisations Commerce
An organisation refers to a formal structure of relationships, responsibilities and authorities through which specific goals are achieved.
The various types of organisations and their purposes are discussed below
1. Sole Trader: The sole trader is one of the business entity where business owned by an individual or a firm, small scale industry owned by a single person who is self employed and   can provide employment opportunities to others on contract basis on full and half time work basis. The sole trader is   one who decides the amount of budget allocate to the business the amount of good that has to produced as per the demand in the market.
Examples: builder, small stores, independent agents.
2. Consumer co-operative: These are consumer operated firms which aims at fulfilling the requirements of its member community. The market operations are independent and profitless and works to give better services. Consumer’s cooperatives often operates as retail outlets owned and operated by their consumers
Examples: Health care, insurance, housing   and personal finance.

3. Limited companies: These companies are registered at Companies House. The overall property which is registered on the company, belongs to company and is not considered as belonging to the company's shareholders and directors.
Limited companies are categorised as
  * Public limited companies (PLCs)
Examples: Supermarket chain, Courier company, Airlines.
  * Private limited companies (Limited, LTD)
Examples: Pubs, Hotels, Construction Company.
4. Partnership: It is when two or more individual come together to own a business. The profit and loss are shared by the partners according to the investment made by them
Examples: Clinics, Solicitors, Health clubs. 
5. Workers’ co-operatives: These are firms owned and controlled the people who works in it. The main aims of these organisations are be democratic, provide open membership, social liability,...