Seminar 3 Business Organization

Different Types of Business Organisations

A. Sole Proprietorship
Advantages of Sole Proprietorship
1) Simple to set
2) Easy to make decision
3) Efficiency
4) Profits entitlement
5) Close relationship with customers
Disadvantages of Sole Proprietorship
1) Sources of finance
2) Heavy workload
3) Unlimited personal liability
4) Capital
5) Losses

B. Partnership
Legal status of partnership firm

C. Companies
1. Private Companies
2. Public Companies
3. Non-Hong Kong (formerly overseas) Companies

Advantages and Disadvantages of Sole Proprietorship, Partnership and Private Limited

Company

1 2018-09-18