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Business Structures

TermDefinition
Public Enterprises State owned- provide essential services rather than make profit, e.g: ESP Ireland, Rte, TEAGASC, not commercial business.
Private Enterprises Owned by individuals or shareholders, AIM to make profit, from small businesses to Multinationals, e.g Supermacs
Not-for-Profits Focus on social/cultural/ charitable goals, surplus income is re-invested, E.g GAA, Dublin Simon.
Sole trader Business ran and owned by one person, must register with revenue commissioners as self-employed, Unlimited liability, limited equity capital.
Partnership 2-20 owners, unlimited liability, They dont have to publish accounts, decisions shared with partners, E.g Law firm.
Private limited Company
Created by: Annanixon
 

 



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