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Word Count: 586
The Internal Organisation of A Business The way in which a business is run is known as the internal organisation of a business This can be a number of ways including partnerships sole proprietorships and public or private limited companies Since I am going to be setting up such a small company I will need to set up as either a partnership or a sole proprietorship A partnership is where two or more people run a business together They usually do not want to hold total responsibility for the business whilst still being able to do their own work A sole trader is a person that runs a business alone They have total control of the business and often do not even have any employees To help me choose which I am going to look at the advantages and disadvantages of each of the above Partnership AdvantagesDisadvantages Responsibility of running a business can be shared with another person One partners strengths can make up for the weaknesses of anotherPeople may only want to do certain jobs they wouldnt want to do the boring jobs and this may cause tension More people contributing money towards the business means not as much needs to be taken from just one person as in a sole proprietorshipThe distribution of the companies profits can cause problems as one partner may feel that they deserve more than another Somebody to consult about decisions so that you are less likely to make wrong decisionsDecisions may cause arguments because the partners may disagree over which decision to make You dont need to work as many hours and you can have more holidays than in a sole proprietorship as there is another person to share the workload withIf one partner feels another takes too many holidays or is putting in a lot less work than themselves then arguments may be caused Sole Proprietorship AdvantagesDisadvantages Small easily set up with only a small amount of
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