Types Of Business Companies

Sole Trader , Partnership , Limited Partnership , Private Limited Company , Public Limited Company. A silent partner. A sleeping partner. A normal partner. Private Limited Company Ltd.

According to the role in the partnership, there may be: a silent partner ( does not influence the running of business); a secret partner (keeps that in secret for different reasons ); a sleeping partner ( care only for profit ); a normal partner ( important just for his famous name).

And second joint stock companies is Public Limited Company (plc). This type must consist of at least two members. Investment comes from the public. If the company makes a loss, this is borne by the company. Part of any profit made is distributed as dividends to the shareholders.