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What are the advantages and disadvantages of different business organization types and forms

Updated: Jul 2, 2023

There are four (4) types of business organization

  1. Sole trader

  2. Partnership

  3. Private Limited

  4. Public Limited

Forms of business organisation

  1. Joint ventures

  2. Franchises

  3. Social enterprise

  4. Public corporations

Joint ventures and franchises are how different business organisations operate a business together. Unlike most businesses, social enterprises and public corporations primary objective are to serve the community. These businesses would have to select a type of business organisation to setup to operate its business.



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