Types of business organizations

6. A business sytem where entrepreneurs buy the right to use the name, logo and product of an existing business
7. The shareholders in a limited liability which fails only risk losing the amount they have invested in the company and not any of their personal wealth
8. A business that is owned and controlled by just one person who takes all of the risks and receives all of the profit
10. A person or organization who owns shares in a limited company
12. often a small to medium-sized company; owned by shareholders who have limited liability. The company cannot sell its shares to the general public

1. A business organisation that is owned and controlled by the state
2. Often a large company, owned by shareholders who have limited liability. The company can sell its shares to the general public
3. the business organization that buys the rights to use the companies brand name, business name, production method, etc.
4. Two or more businesses agree to work together on a project and set up a seperate business for this purpose
5. A business that does not have a legal identity separate from its owners. The owners have unlimited liability for the business debts
9. If an unincorparated business fails, then the owners might have to use their personal wealth to finance any business debts
11. A business formed by two or more people who will usually share responsibility for the day-to-day running of the business. Partners usually invest capital in the business and will share profits