Types of Busoness Organisation

Two advantages of setting up as a sole trader are: there are long working hours and sole traders have unlimited liability

A partnership is two or more people (but less than 30) who are in a business together in order to make a profit.

All companies and co-operatives set up in Ireland must register with the Companies Registration Office (CRO).

Strategic alliances are agreements between businesses to co-operate in the establishment of a project or business together

Franchising means renting a complete business formula out to someone else

A business that changes its legal structure will see a decrease in finance, skills and will see bigger risks in regards business expansion.

public-private partnerships are new commercial state enterprises that are undertaken as joint ventures with the private sector e.g. toll brdges on motorways