What’s it: A public-private partnership is an arrangement in a public sector project involving the private sector. It is a long-term partnership, and the private sector may be involved in financing, construction, or operation,
What's it: A public corporation has the following two meanings: A state-owned entity, which is wholly or largely owned by the government - perhaps national or local governments - to provide certain public services. It is
What's it: A non-governmental organization (NGO) is an organization legally formed without the participation or representation of any government. So, they are not owned and associated with the government. NGOs are usually
You may find some examples of social enterprises around you. The keywords are they balance economic, environmental, and social. Social enterprises do not only aim to maximize profits as profit-oriented companies do (economic motives). On
Unlimited liability means that the owner is responsible for all business debts. That means a higher risk for them. That contrasts with the limited liability where the legal identity of the business is separate from the
What's it: Limited liability is a legal status where the owner's liability is limited to the value of their investment in the company or partnership. The business's obligations are not the owner's responsibility as a person because
What's it: A private limited company is a company whose shares are not listed on a stock exchange, have limited liability, and have a separate legal identity from the owners. Because they are not listed on a stock exchange, their
What's it: A public limited company is a business organization in which the legal entity is separate from the owners, has a liability, and is listed on the stock exchange. Generally, they are big companies. Also known as a listed
What's it: A partnership is a business organization in which two or more parties work together and combine resources to advance their common interests. Each party, referred to as a business partner, agrees to share the risks,
What's it: A sole proprietorship is a business organization at its simplest. One person runs, is responsible for, and has complete control over the operations and profits of the business. It has no formal legal entity. Also known as a sole
What's it: A social enterprise is a business with a social orientation through its commercial operations. Their main goal is the common good and social impact. Three keywords you need to pay attention to: profit, planet, and people.
Cooperative is an association of people who unite voluntarily toward a common goal. Members join together to buy or sell items they cannot afford to buy on their own. This organization is easily formed and has no legal formalities.