Types Of Business Essay

Types of business.

Firms are units of business organisation carrying on some production activity, which results in the production of goods or the supply of services to meet consumer demand. From a ‘one man‘ business to a giant public corporation, each of them is pursuing the same goal – to get maximum profit from its activities.We know the following types of business units: Sole Trader, Partnership, Limited Partnership, Private Limited Company, Public Limited Company, Public Corporation.So what about sole trader, any profit after tax that the business makes is yours keep, also person have full control over his business also can offer a more personalised approach to their customers. Accountants generally charge lower rates for sole trader accounts as there is less .