Types of organization

1. Sole traders

1.1. the owner just one individual

1.2. dont need to share profits

1.3. full responsibility in the case of fail or success

2. Partnership

2.1. owners 2-22 individuals

2.2. Can pool their funds together to raise finance

2.3. At least one owner must be unlimited liability

2.4. ACTIVE: capital-decisions-making

2.5. SILENT-SLEEPING PARTNER: capital-not decisions-making

2.6. Deed: amount money, dividends,right benefits obligation

3. Limited liability companies

3.1. called joint stock companies

3.2. owned by shareholders

3.3. LTD: not raise share capital, sold to private family

3.4. PLD:advertise and sell

4. For profit social enterprise

4.1. cooperative: owned and run by their members

4.2. microfinance: financial service for entrepreneur/ small business

4.3. public-private partnership: government join private sector to provide a good

5. For non-profit social enterprise

5.1. non-governmental organizations (NGOs) Private voluntary organizations (PVOs): community projects and aggressive approach to promote a cause

5.1.1. charities: voluntary support for goods causes (society's point of view)