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    Business Organizations: Dennis Guardado Bmhs-3A January 5, 2021 POA

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    Dennis Guardado
    This document provides an overview of different types of business organizations, including sole trader businesses, partnerships, private limited companies, public limited companies, non-trading organizations, and cooperative societies. For each type of organization, it describes the organizational structure, provides examples, and lists two advantages and two disadvantages. The document contains detailed information on the defining characteristics and considerations for each of the main categories of business entities.

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    Business Organizations: Dennis Guardado Bmhs-3A January 5, 2021 POA

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    Dennis Guardado
    19 views9 pages
    This document provides an overview of different types of business organizations, including sole trader businesses, partnerships, private limited companies, public limited companies, non-trading organizations, and cooperative societies. For each type of organization, it describes the organizational structure, provides examples, and lists two advantages and two disadvantages. The document contains detailed information on the defining characteristics and considerations for each of the main categories of business entities.

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    This document provides an overview of different types of business organizations, including sole trader businesses, partnerships, private limited companies, public limited companies, non-trading organizations, and cooperative societies. For each type of organization, it describes the organizational structure, provides examples, and lists two advantages and two disadvantages. The document contains detailed information on the defining characteristics and considerations for each of the main categories of business entities.

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    Download as pptx, pdf, or txt
    19 views9 pages

    Business Organizations: Dennis Guardado Bmhs-3A January 5, 2021 POA

    Uploaded by

    Dennis Guardado
    This document provides an overview of different types of business organizations, including sole trader businesses, partnerships, private limited companies, public limited companies, non-trading organizations, and cooperative societies. For each type of organization, it describes the organizational structure, provides examples, and lists two advantages and two disadvantages. The document contains detailed information on the defining characteristics and considerations for each of the main categories of business entities.

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    You are on page 1of 9

    Business

    Organizations

    Dennis Guardado
    BMHS-3A
    January 5, 2021
    POA
    Table Of Content

    Sole Trader Business……………………………………………………………………………..Pg 1


    Partnership…………………………………………………………………………………………….Pg 2
    Private Limited Companies…………………………………………………………………..Pg 3
    Public Limited Companies…………………………………………………………………….Pg 4
    Non Trading Organizations…………………………………………………………………….Pg 5
    Cooperative Society………………………………………………………………………………Pg 6
    Sole Trader Business
     A sole Trader is also know as a Sole Proprietor
    and is a type of business that is owned and
    operated by one person.
     The Sole Trader is very easy and inexpensive to
    set up and the Sole Trader is responsible for all
    aspects of the business.
     Two examples of Sole Trader are: LG Jewelry
    and Lindz Handmade Treasures.
     Two advantages are: profits are not shared and
    very easy to start up.
     Two disadvantages are: there is limited sources
    of funds and there is no continuity – if owner
    dies, the business dies.

    1
    Partnership
     Partnership is a type of business where two or
    more persons share ownership, responsibility of
    managing the business, and the income or losses
    that the business generates.
     The organizational structure of a Partnership
    includes a minimum of two or more partners and
    a maximum of 20 partners.
     Two examples of Partnership business are:
    Special Effects and Belmopan Aggregates and
    Hardware.
     Two advantages are: partners share risk and low
    start up cost.
     Two disadvantages are: possible conflict among
    partners and slower decision making.

    2
    Public Limited Companies
     A Public Company is a type of business that is able
    to offer its shares to the public. It requires
    minimum of two directors and one secretary.
     The organizational Structure of a Public Limited
    Company consists of a minimum membership of one
    member and there is no maximum.
     Two examples of Public Limited Companies are:
    Belize Electricity Limited and Belize Telemedia
    Limited.
     Two advantages are: Easy availability of capital by
    issuing shares to the public and limited liability to
    shareholder.
     Two disadvantages are: higher level of
    transparency required and there are ownership and
    control issues.
    3
    Private Limited
    Companies
     A Private Limited Company is owned completely by
    a small group of people or other entities that
    provide capital. The owners of the private limited
    companies are known as shareholders.
     The organizational structure of a Private Limited
    Company comprises of at least one shareholder
    and one director who may be the sole shareholder.
     Two examples of Private Limited Companies are:
    Builders Hardware Ltd and G.A & Roe Sons Ltd.
     Two advantages are: limited liability and business
    continuity.
     Two disadvantages are: there is often more
    paperwork and it can be very time consuming to
    set up.

    4
    Non Trading Organizations
    o Non Trading Organizations are simply non-profit
    making entities that exist solely for the betterment
    of the society by providing quality services.
    o The organizational structure of a Non Trading
    Organization is normally governed by a Board of
    Directors, followed by persons in the functional
    areas which are governance, program, and
    administration or simply an executive director.
    o Two examples of Non Trading Organizations are:
    Helpage Belmopan and The Kings Children Home.
    o Two advantages are: they are eligible for
    government and private grants and tax exemptions.
    o Two disadvantages are: they sometimes have a
    difficult time to get grants and donations to start an
    activity and sometimes it is hard to get volunteers to
    help achieve the organizational mission.
    7
    5
    Cooperative Society
     A Cooperative Society is an association established
    for the purpose of providing services on a non profit
    basis to its shareholders or members who own and
    control it.
     The organizational structure of a Cooperative
    Society is owned and controlled by its members.
     Two examples of a Cooperative Society are: Belize
    Fishermen Cooperative Association and Placencia
    Producers Cooperative.
     Two advantages are: voluntary organization –
    anyone with common interest can join and they
    enjoy fair price and good quality.
     Two disadvantages are: conflict among members
    and lack of accountability.

    6
    Thank You For Your Time!

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