Main Types Of Business Organisations Essay

973 Words Feb 1st, 2016 4 Pages
The main types of business organisations in the UK private sector are sole traders, partnerships, private limited companies and public limited companies. These are set up in this sector so that they survive by making a profit, if a business doesn’t make a profit it won’t be able to succeed against its competitors in its market. Each different area of the uk private sector has different rules in which it must abide by for legal reasons.
1.0 Introduction
This report will analyse the main types of business organisations in the UK private sector. Private sectors are the part of the economy that isn’t state controlled, they are ran by lots of individuals and companies. (Investopedia, 2016) A businesses main aim in the UK private sector is to survive by making a profit. (GCSE Bitesize, 2014) There are several different main types of business organisations in the UK private sector, these are sole traders, partnerships, companies and franchises. (Business Case Studies, Not Dated) “In the UK about 20% of sole traders operate in the construction industry, a further 20% in retailing, and about 10% in finance, and 10% in catering.” (Business Case Studies, Not Dated) this shows that they are usually small businesses with not much power, for example like solicitors. “Levels of punctuation in the private sector closely resemble those observed in studies on public budgeting, suggesting that the private sector is not on average any less resistant to change than government.” (Epp, 2015)…

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