Page 16 - E1 Integrated Workbook STUDENT 2018

Chapter 1

Different types of organisation

Types of organisation
Types of organisation

Profit seeking
Not-for-profit
Profit seeking Not-for-profit

Sole Partnership Limited Public Private NGOs
traders  Owned and liability sector sector  Promote
 Owned run by two company  Provide  For political, social
and run or more  Company has government example, or
by one people. a separate services. clubs and environmental
person. legal identity to charities. change.
its owners  Often
(shareholders) transnational.
 Owner’s  Include
 Owner not legally liability limited operational
separated from the to their and
business. investment. campaigning
 Sometimes referred to as  Sometimes NGOs.
unincorporated or non- referred to as
incorporated.
incorporated.

Public limited Limited
company company

 Shares can  Shares can’t
be offered to be sold to
general general
public. public.

Co-operatives (or mutuals) are organisations that are owned and
democratically controlled by their members – the people who buy
their goods and services. They are organised to meet the needs of
their members, who usually share the profits.

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