1. Organizations
1.1. Sole traders
1.1.1. Main features
1.1.1.1. The sole trader owns and runs the business
1.1.1.2. No legal distinction between the business and the sole trader
1.1.1.3. The finance is usually limited
1.1.1.4. The business is often geographically close to the customer
1.1.1.5. The sole trader has privacy and limited accountability
1.1.1.6. Registering the business is usually easy and inexpensive
1.1.2. Has UNLIMITED LIABILITY
1.1.3. Pros
1.1.3.1. No legal distinction between the business and the trader
1.1.3.2. Complete control over important decisions
1.1.3.3. Flexibility
1.1.3.4. Privacy
1.1.3.5. Cloes ties to customers
1.1.4. Cons
1.1.4.1. Competing against established businesses
1.1.4.2. Stress
1.1.4.3. Lack of continuity
1.1.4.4. Limited capital
1.1.4.5. Unlimited liability for any issues
1.1.5. Examples
1.1.5.1. Mexican
1.1.5.1.1. Tiendita de la esquina
1.1.5.2. Global
1.1.5.2.1. builders, plumbers, electricians, painters and decorators, taxi drivers and window cleaners.
1.1.6. Compare and Contrast
1.1.6.1. It is for almost always fot profit
1.1.6.2. It has unlimited liability
1.1.7. Most of the times remain small until retirement or death.
1.2. Partnership
1.2.1. Main features
1.2.1.1. Decisions are made jointly
1.2.1.2. The business is owned and managed by more than one person
1.2.1.3. No legal distinction exists between the business and the partners
1.2.1.4. Finance is usually more available
1.2.1.5. Some partners may be "sleeping partners"
1.2.1.6. Varied service
1.2.1.7. Greater degree of accountability
1.2.1.8. More stable
1.2.1.9. Do not necessarily share all of the profits equally
1.2.2. Has UNLIMITED LIABILITY
1.2.3. Pros
1.2.3.1. Different skills and qualities
1.2.3.2. More expertise
1.2.3.3. More finance
1.2.3.4. Partner's help
1.2.3.5. More chance of continuity
1.2.4. Cons
1.2.4.1. Unlimited liability
1.2.4.2. Less access to loans from banks
1.2.4.3. No complete control
1.2.4.4. Shared profit
1.2.4.5. Disagreements
1.2.5. Examples
1.2.5.1. Mexican
1.2.5.1.1. LAMZO
1.2.5.2. Global
1.2.5.2.1. Law Firms
1.2.6. Compare and Contrast
1.2.6.1. More finance than sole trader
1.2.6.2. Unlimited liability as sole trader
1.2.7. They are more safe since it's a more complex organization.
1.3. Privately held companies
1.3.1. LIMITED LIABILITY
1.3.2. Key Features
1.3.2.1. Owners place restrictions
1.3.2.2. Family owners
1.3.3. Pros
1.3.3.1. Doesn't have to report financial statements
1.3.3.2. More control
1.3.4. Cons
1.3.4.1. Limited amount of finance
1.3.5. Examples
1.3.5.1. Mexican
1.3.5.1.1. Azteca Estudios
1.3.5.2. Global
1.3.5.2.1. Ikea
1.3.6. Compare and Contrast
1.3.6.1. Smaller then public
1.3.6.2. Has limited liability, as public
1.4. Publicly held companies
1.4.1. LIMITED LIABILITY
1.4.2. Key features
1.4.2.1. Shares are traded
1.4.2.2. Make public information
1.4.3. Pros
1.4.3.1. Securing large sums of capital
1.4.4. Cons
1.4.4.1. Lose privacy
1.4.4.2. Allow potential intestors to see their account
1.4.5. Examples
1.4.5.1. Mexican
1.4.5.1.1. America Móvil
1.4.5.2. Global
1.4.5.2.1. HP
1.4.6. Compare and Contrast
1.4.6.1. Stocks are shared publicly not like privately held
1.4.6.2. Also has limited liablility as privately held
2. For-profit social enterprises
2.1. Private sector companies
2.2. Public sector companies
2.3. Cooperatives
2.3.1. A financial cooperative
2.3.2. Housing cooperative
2.3.3. Worker's cooperative
2.3.4. Producer cooperative
2.3.5. Consumer cooperative
2.4. Key features:
2.4.1. Profit is important
2.4.2. Collaboration between the business and the local community
2.4.3. Cooperatives are more democratic
2.4.4. Business operates the same functions as any other business
2.5. Pros
2.5.1. Legal status achieved
2.5.2. A strong communal identity
2.5.3. Stakeholder community benefits
2.6. Cons:
2.6.1. Desicion-making is complex
2.6.2. Capital may be insufficient for growth
2.6.3. Capital may be insufficient for financial strength
2.7. Examples
2.7.1. Mexican
2.7.1.1. Ejido Verde
2.7.2. Global
2.7.2.1. Community Shop
3. Non-profit social enterprises
3.1. Main features
3.1.1. Do not aim to make profits at all
3.1.2. They generate surpluses rather than profits
3.2. Non-governmental organizations
3.3. Charities
3.4. Pros
3.4.1. They help people in need
3.4.2. They can foster a philantropic spirit in the community
3.4.3. They can innovate
3.5. Cons
3.5.1. Socially undesirable goods
3.5.2. Funding can be irregular
3.6. Examples
3.6.1. Cause-driven
3.6.2. Investor returns