1. Forms of Business organisation
AS1: Business Studies (Forms of Business Organisation)
Forms of Business organisation

2. Private Sector Organisations
Sole traders
Partnership
Franchise
Private Limited Companies
Public Limited Companies

3. Sole Traders Limited sources of finances
Get to know employees on a personal basis
Owns and operate his/her business
Only one who benefits from success
Has total control
Close contact with customers
Long hours of work
Unlimited liability for debts
Accounts are not published

4. Partnerships More capital Better potential for growth Less control
Variety of skills available
Unlimited liability
Financial affairs do not have to be published

5. Franchise Franchiser gets annual royalties
Reduced risks and capital investment
Increased opportunities for expansion
Individuality of businesses are lost
Loss of independence
Reputation is in hands of others

6. Private Limited Company
Process of forming the business is more complicated
Limited amount of share capital
Shares held by a small group of people
Shares cannot be bought by the public
Company cannot be listed on stock market
Profit is according to the number of shares held

7. Public Limited Company
Regarded as a lower risk investment
Must keep a wide range of people informed
Easier to raise finance
Should get more attractive credit facilities
More emphasise placed on short term financial performance
Control is limited due to open share sales
Can be listed on the Stock Exchange