Types of Business Organisation - Private limited company, Public Limited Company, Sole Trader, Partnership
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Type of business Organisation	Possible sources of finance	Key issues for consideration
Sole Trader	Owner’ savings, banks, suppliers, government grants and loans	·        Security for those lending funds ·        Loss of control by owner ·        Evidence that business has potential to develop ·        Financial history of business/owner
Partnership	Partners’ savings, banks, suppliers, government grants and loans, hire purchase and leasing companies	·        Problems of introducing new partner ·        Lack of collateral ·        Potential expense of raising large sums of money ·        Should they form a limited company?
Private limited company (ltd)	Dependant upon the size of the private limited company, suppliers, banks, factoring, leasing and hire purchase companies, government grants and loans, venture capital institutions, private share issues	·        Disagreement amongst existing shareholders ·        Difficulty of finding suitable shareholders ·        Loss of control by existing shareholders ·        Lack of collateral and security for those lending funds ·        Element of risk in the loan
Public limited company (plc)	Suppliers, banks, factoring, leasing and hire purchase companies, government grants and loans, venture capital institutions, public share  issues via the stock exchange	·        State of economy and stock market ·        Ability to move to area receiving government aid ·        Recent financial performance ·        Reputation of company and senior managers
Non-profit making organisation	Charitable donations, lottery money, government and EU grants	·        Public profile ·        Relationship with government

Other Notes in this Category

1. Choosting An Office
2. How a company is run
3. Niche Marketing Vs. Mass Marketing
4. Offensive Marketing
5. Principles of Marketing
6. Sales of Goods Contract
7. SWOT Analysis
8. Types of Business Organisation - Private limited company, Public Limited Company, Sole Trader, Partnership

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