Family-owned businesses are a fundamental element woven into the fabric of the global business landscape. Defined by ownership, operation, and control residing within a family, these businesses come in all shapes and sizes. From local shops passed
Business Organization
Holding Company: Structure, Benefits and Risks
What’s it: A holding company, also known as a parent company, is a business entity that primarily focuses on owning and controlling other companies, called subsidiaries. Holding companies do not directly participate in the day-to-day operations of
Unlimited Liability Explained: Examples, Advantages and Disadvantages
What's it: Unlimited liability means the owner is fully legally responsible for the business's debts. Thus, creditors can ask the owner's personal assets to pay off debts if the business experiences cash flow problems and cannot fulfill its
Limited Liability: Examples, Advantages, Disadvantages
What's it: Limited liability means the owner is not obligated to pay off the business debts. Together with unlimited liability, it is about how much responsibility the owners have for the company.Unlike unlimited liability, a limited
Private Limited Company: Explained for Growth & Protection (Features, Advantages, Disadvantages)
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 shares are not
Public Limited Company: Unleashing Growth Potential (Features, Advantages, Disadvantages)
What's it? A public limited company (PLC) is a business organization in which the legal entity is separate from the owners, has limited liability, and is listed on the stock exchange. Generally, they are big companies. They are also known as a listed
Partnership: A Business Structure With Sharing RisksRewards (Types, Features, Pros, Cons)
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, responsibilities,
Sole Proprietorship: The Simplest Structure (Characteristics, Advantages, Disadvantages)
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
Social Businesses: Profit for Purpose (Business Model, Impact Investing)
Social businesses challenge the traditional profit-first model by weaving purpose into the very fabric of their operations. Driven by a social mission, they prioritize creating positive change alongside financial sustainability. This unique approach
Cooperatives: Member-Owned Businesses for Social Impact (Features, Benefits, Types, Examples)
Cooperatives are a unique and growing type of business that challenges the traditional model of for-profit companies. They prioritize member ownership, democratic control, and social impact, offering an alternative approach to economic activity.