Types of business organisationsPrivate sector

Different types of organisation have different advantages and disadvantages. These must be considered when owners decide on which form their organisation should take.

Part ofBusiness managementUnderstanding business

Private sector

Private sector organisations - Sole trader, Partnership, Private limited company
Different types of private sector business

The private sector has different types of business ownership. The most common ones are:

  • sole trader
  • partnership
  • private limited company

Three different kinds of private sector businesses explained

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