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  • Types of Business Organization-Table

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    Neena
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    This document outlines different types of business organizations including sole traders, partnerships, limited liability partnerships, private limited companies, and public limited companies. It compares key aspects such as registration requirements, legal entity status, liability protection, capital raising abilities, continuity of business, and legal requirements. The types range from sole traders which are not registered and have unlimited liability, to public limited companies which have mandatory registration, separate legal identity, limited liability for members, and can raise capital from the public in exchange for shares.

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    types of business organization-table

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    This document outlines different types of business organizations including sole traders, partnerships, limited liability partnerships, private limited companies, and public limited companies. It compares key aspects such as registration requirements, legal entity status, liability protection, capital raising abilities, continuity of business, and legal requirements. The types range from sole traders which are not registered and have unlimited liability, to public limited companies which have mandatory registration, separate legal identity, limited liability for members, and can raise capital from the public in exchange for shares.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views1 page

    Types of Business Organization-Table

    Uploaded by

    Neena
    This document outlines different types of business organizations including sole traders, partnerships, limited liability partnerships, private limited companies, and public limited companies. It compares key aspects such as registration requirements, legal entity status, liability protection, capital raising abilities, continuity of business, and legal requirements. The types range from sole traders which are not registered and have unlimited liability, to public limited companies which have mandatory registration, separate legal identity, limited liability for members, and can raise capital from the public in exchange for shares.

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    © All Rights Reserved
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    of 1

    TYPES OF BUSINESS ORGANISATION

    LIMITED
    PUBLIC LTD. PRIVATE LTD.
    SOLE TRADER PARTNERSHIP LIABILITY
    PARTNERSHIP COMPANY COMPANY
    REGISTRATION
    REQUIREMENT NO OPTIONAL MANDATORY MANDATORY MANDATORY
    (UNDER A LEGAL
    ACT)

    UNINCORPORATED INCORPORATED

    SEPARATE
    NO NO YES YES YES
    LEGAL ENTITY

    LIABILITY
    UNLIMITED UNLIMITED LIMITED LIMITED LIMITED
    PROTECTION
    CONTRIBUTION
    OWN PARTNERS PARTNERS CONTRIBUTION
    FROM
    RAISING CONTRIBUTION/ CONTRIBUTION/ CONTRIBUTION/ FROM PUBLIC
    FRIENDS/FAMILY
    CAPITAL SMALL BANK SMALL BANK SMALL BANK IN RETURN
    IN RETURN FOR
    LOANS LOANS LOANS FOR SHARES
    SHARES
    CONTINUITY OF
    NO NO YES YES YES
    BUSINESS

    LEGAL
    LESS LESS MODERATE HIGH HIGH
    REQUIREMENTS

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