Types of businesses
by Tamru Midson
1. partnership
1.1. a form of business operation shared between two people who share management and profits. There are two types of partnerships recognised; general and limited partnerships.
2. cooperation
2.1. An organisation run by a group of members who collect equal profits.
3. sole trader
3.1. a business run and managed by an individual who makes decisions for direction of the business.
4. company
5. legal structure
6. private
6.1. a company with private ownership, private companies may have shareholders but are not listed on the stock exchange.
7. public
7.1. a company whose ownership is dispersed through the public from shares bought on the stock exchange.
8. stages of production
9. primary
10. secondary
11. tertiary
12. sizes
13. micro
13.1. A business that operates on a very small scale, usually run by an individual with no more then 4 employers before it becomes a small business
14. small
14.1. According to the Australian taxation office a small business is defined as one that generates a revenue less then $2 million annually. an example is a small bakery that employs around 10 people
15. medium
15.1. a medium business employing less than 250 people and generating a revenue
16. large
16.1. A business or enterprise on a large scale,
