Posts Tagged ‘business types’
These types of companies are given according to the laws of each country. These legal forms are chosen the companies to develop their activities. Choosing a firm legal conditions their activity, rights, obligations, etc.
Here we see the classification of the types of enterprises as legal forms.
Sole: These types of companies is handled by a person with legal capacity to conduct business. The same is responsible for an unlimited service all consequences that may cause the company’s operation.
Partnership: these types of companies that also operate a sole proprietorship, but with the difference that is no longer just driven by one person, but it is run by several partners.
Cooperatives: These types of companies have no profit and are built to manage to satisfy all interests and needs of customers, employees and some suppliers.
Limited partnerships: These types of companies typically have two partners who are the groups that are the ones who have unlimited liability and limited partners are those who have a responsibility to the capital.
Limited Liability: These types of companies is that owners have only a limited responsibilities. These responsibilities only respond to the capital they bring to the company.
Company: These types of companies are limited in terms of responsibility, this depending on the capital. These companies have the advantage that any lender or bank loans granted easily.