type of business What are the different types❓
type of business What are the different types❓
for business people You must know what type of business your own business is. in order to manage the business and register the trade correctly Including being able to calculate the right type of tax as well It also affects investment. how much each partner will invest How do you earn profits or share responsibility? Including selling shares to the general public to be able to invest with the company as well
Knowing your own business type well will make the administration work better Professional and reliable Resulting in success that is easier than that.
📌 Type of business as an individual
👉🏻 Sole Proprietorship
sole proprietorship business The value of the business is not very high. There is a trade registration as a natural person. various decisions Including the matter of profit or loss affects only the owner of the business. For example, the owner of a grocery store that we can see in general
👉🏻 Ordinary Partnership
The nature of the business is similar to that of a sole proprietorship. Only having 2 or more business associates have the right to make decisions, profit and loss equally. An ordinary partnership is different from an ordinary juristic partnership that is not registered. Make it a status of a group of people
📌 Type of business as a juristic person
👉🏻Registered Ordinary Partnership and Limited Partnership
The nature of the business is similar to an ordinary partnership. That is, having 2 or more business associates, but only being registered as a juristic person the difference is Partners have different responsibilities, namely, limited liability liability. by not exceeding the amount invested but no decision-making rights in the affairs Unlimited liability for liability by being responsible for unlimited liabilities but has the right to make decisions
👉🏻 Company Limited
Businesses with 3 or more co-operators holding equal amounts of shares, called “shareholders”, who are jointly liable for liabilities up to the amount invested. Limited companies must be registered as a juristic person. This type of business is suitable for businesses with high income or high value. It is universal because the Board of Directors has been set up to manage and make decisions.
👉🏻Public Company Limited
Limited company that sells shares to the general public and become a partner of the company in proportion to the purchase which such shares can be sold to others according to the share price in the stock exchange Originally, a public limited company had to have at least 100 shareholders, but now it must have at least 15 shareholders.
👉🏻Business organizations established or registered under specific laws
Established business organization Having 15 or more shareholders, each share has the same value. The payment of shares is a one-time payment in full. and not less than 5 directors of the Company. The nature of the business is as follows: Agribusiness is farming, gardening, livestock, industrial business. both in the household and industrial factories Mining business commercial business construction business financial business Service business Food business Other businesses such as freelancers such as doctors, engineers, architects, etc.
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