TYPES OF COMPANIES MEGHANA.

N (2310352)

SOLE PROPRIETORSHIP
A business owned and operated by a single
individual. It's the simplest form of business
organization, where the owner is personally
liable for all debts and obligations.

PARTNERSHIP
A business owned by multiple individuals who
share responsibilities, profits, and liabilities.
Types include general partnerships, limited
partnerships, and limited liability partnerships

LIMITED LIABILITY COMPANY

A hybrid business structure that
combines the features of a corporation
and a partnership or sole proprietorship.
Owners have limited personal liability
for business debts and obligations.
.
PUBLIC COMPANY
A company with shares traded publicly,
available for purchase by the general public.
E.g. What a dreary town!
Subject to strict regulations, public companies
must disclose financial information to both
shareholders and the public.

PRIVATE COMPANY
A privately owned company with limited
ownership. Enjoying operational
E.g. Get me out
flexibility, of this
private dreary town!
companies are not
required to disclose financial
information publicly.