Types of companies

[Haveit]

All these categorisations of business is just to be able to differentiate businesses from each other and to know the characteristics of each business so that whenever you want to start up a business you will know what you are up against I want you need to put in place to make it more successful.

I couldn't agree more, and all these groups have their specifications and requirement so that a new business would know what is required to join the team.

 

[Setho]

I think that in general mans needs are either important or the secondary important ones that is why the first class is more concerned with raw materials.

 

[Sariana23]

The reason being that, the impact of the government could felt by the citzenry by empowering the primary sectors of the economy. Everyone depends on the goods or products coming out of the companies classified in the said sector and it is pertinent that the government consider it first

Yes, it is true, although not all companies are classified as primary. Which decreases the opportunities for the other sectors, in terms of government benefits. As you explain it is of utmost importance to be included in this classification level to be benefited.

 

[Jlife]

although there are different type of business but this should not be a problem to anyone who is starting a business ,because I believe it is not necessary for you to understand all, you really need to know your aim and responsibility as a business, that is all

 

[Ralphjoe]

Classification can help or assist in determining business segments which will help in establishing according to the primary type of economic activity.

I definitely agree with you that business classification will help mostly the government to determine the kind of business segment and how it will be able to pass them according to their various segment and sectors and it will be easier for people to understand business if they were rightly classified.

 

[Sariana23]

although there are different type of business but this should not be a problem to anyone who is starting a business ,because I believe it is not necessary for you to understand all, you really need to know your aim and responsibility as a business, that is all

Of course there is no disadvantage in starting a company, without having the necessary knowledge within the classification. But I believe that at some point you should register your company according to your classification in order to be eligible for possible government benefits. What is your opinion on this?

 

[Sotherefore]

I can't even understand how a company is classified into all this category, because I just believe you are the one that will decide how you want your company to be,i only know a company that deal with raw materials and those that deal with finish products.

 

[Snazzy001]

It is very important for an intrapreneur to know the types of company and it makes it easier for the intrapreneur to nowhere to deal with based on the kind of product he or she is interested in

 

[Sariana23]

I can't even understand how a company is classified into all this category, because I just believe you are the one that will decide how you want your company to be,i only know a company that deal with raw materials and those that deal with finish products.

Of course, only the entrepreneur will decide the type of company he/she wants, after that he/she should be aware of which classification he/she falls into. Since this can help you in the future for possible profits, also to be more visible to potential customers.

 

[Jlife]

Of course there is no disadvantage in starting a company, without having the necessary knowledge within the classification. But I believe that at some point you should register your company according to your classification in order to be eligible for possible government benefits. What is your opinion on this?

You mean possible government benefit? The government here do not have anything to do with you as far as you register your business organisation with them then you can start up and manage your business however you like because they do not care.

 

[Senator]

It is important for an entrepreneur to know his or her class of business because it is going to guide him or her when applying for certain financial assistance from financial institutions like the banks and other money houses

 

[Richard92]

Of course in general it is as you explain, but each of them is grouped by their purpose with customers, in my country they are classified the way I broke it down, that's why I decided to describe the thread and see the different ways they are classified in other countries. In this way I will acquire new knowledge.

There different type of companies, there is a public liability company and also private company. The private company can be divided into two which involved so proprietorship and partnership.

 

[Sariana23]

You mean possible government benefit? The government here do not have anything to do with you as far as you register your business organisation with them then you can start up and manage your business however you like because they do not care.

Now I understand your point, if the companies do not receive bids or government benefits, then there will be no sense in your country to classify them. I guess they still have to register the companies

It is important for an entrepreneur to know his or her class of business because it is going to guide him or her when applying for certain financial assistance from financial institutions like the banks and other money houses

It is correct, if there is the need to apply for a loan or any governmental aid, it is important to classify and know which of them belongs, so that the procedures to be requested can be expedited.

There different type of companies, there is a public liability company and also private company. The private company can be divided into two which involved so proprietorship and partnership.

The classification you describe is correct, it pertains to their legal form, which can be public or private. The classifications of the companies can be: According to the economic activity that develops, its size, the legal form, the scope of operation and its capital.

 

[Abigael]

There are so many ways in which companies are classified, the one you mentioned is classification by activity. I guess such classification is truly important because the government policies may be different for each. Also, classification makes it easier for those learning about them for the purpose of their entreprenuirial activities.

 

[Sariana23]

There are so many ways in which companies are classified, the one you mentioned is classification by activity. I guess such classification is truly important because the government policies may be different for each. Also, classification makes it easier for those learning about them for the purpose of their entreprenuirial activities.

It is correct @Abigael, so I clarified in the thread the type of classification I referred to. On the other hand, I agree with you, regarding its importance with respect to the government's benefits policies and related to the activities of the business.

 

[btaliat]

This is not type of companies. This is called sector of production. This is simply telling us categories by which we can group all the economic sector of countries. I stand to be corrected.

 

[Richard92]

Of course in general it is as you explain, but each of them is grouped by their purpose with customers, in my country they are classified the way I broke it down, that's why I decided to describe the thread and see the different ways they are classified in other countries. In this way I will acquire new knowledge.

We have two type of company we have private company and public company the public company is divided into the limited liability company and their unlimited company while the private divided into so proprietorship and partnership.

 

[Sariana23]

This is not type of companies. This is called sector of production. This is simply telling us categories by which we can group all the economic sector of countries. I stand to be corrected.

From the way you describe your publication, I understand that in your country the classification of companies is handled differently. As you ask to correct, I would love to know how they are classified in your country, so that we can all learn.

We have two type of company we have private company and public company the public company is divided into the limited liability company and their unlimited company while the private divided into so proprietorship and partnership.

Excellent, the one you describe is the classification according to its legal form, in my country we also have it which are between public and private companies.

 

[Chibson]

There are numerous types of companies depending on the kind of product and services they are specialised on. Is very important to know about the business.

 

[Hena101]

Actually your classification is new to me because all i can understand from your classification of the business is you are classifying based on niche or operations as far as I'm concern i don't know about such classifications you write about but may be is from what you know that you write.