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Types of Business Structures

In this PPT we included the details of the types of business structures like sole proprietorship, partnership, limited liability company, and corporation. We think that this PPT is helpful for you to choose the right kind of business structure for your venture.

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Types of Business Structures

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  1. Types of Business Structures

  2. Introduction • A business structure can be defined us a category of organization that is legally recognized in a given jurisdiction and characterized by the legal definition of that particular category. • Here we are going to discuss about the 4 types of business structures they are:

  3. 1.Sole proprietorship • In this kind of legal structure only one individual is liable for every organization benefits and obligations. • This substance doesn't offer the segment or protection of individual and master assets. • This type of proprietorship is considered as the  least difficult business substance compared to others.

  4. 2.Partnership • A partnership business  is possessed by at least two people. • Mainly there are 2 types of partnership businesses they are: • Overall association - where everything is shared similarly. • Restricted association -where simply a solitary accessory has control of errands and the other individual  adds to and gets part of the advantages

  5. 3.Limited Liability Company • A LLC is a cross breed structure that permits proprietors, accomplices or investors to restrict their own liabilities • While considering the Limited Liability Company  the investors are very safe because if the business venture is failed they are only liable for their shares. •  To learn more about LLCs you can check out Steps to start business in Dubai 

  6. 4.Corporation • The law consider the corporations have a separate legal entity, with legitimate privileges. • It can sue, be sued, own and sell properties, and sell the privileges of proprietorship as stocks. • The Corporations also enjoy several advantages like restricted obligations, continuity, and quick capital raising, etc. •  You can consider Dubai Mainland Company Formation for advices related to choosing a legal structure for your new venture in Dubai.

  7. On Time Biz is one of the best business set up enterprise in Dubai with 19 years of experience. Our professional and experienced team is always capable to provide the solutions for business related enquiries from the national and international clients. • We are providing services like establishment and licensing of businesses, visa and sponsorship services, PRO services, assistance with banking and etc. • You can contact On Time through mobile or you can visit Freezone company formation.

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