Understand organisational structures

Limited Liability Company. (LLC) . a form of business ownweship that offers both limited liability to its owners and flexible tax treatment.

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Limited Liability Corporations. LLCs are effectively a hybrid of a corporation and limited partnership and may have some tax advantages over C corporations.

Corporate groups can be defined as a company structure where several companies are interconnected through contract shareholding or as Dine says, “By interlocking dictatorships.” In these structure holding companies usually have control and influence over subsidiaries. Limited liability on the other hand, is the logical consequence of the existence of a separate legal entity or generally, the concept simply means that since the company is different from the shareholders, the members are only liable for the amount unpaid or their shares and not for the debts of the company

The limited liability company ("LLC") is a relatively new entity [in 1999] that has emerged in recent years as an attractive vehicle to facilitate business relationships and transactions…. [It] is seemingly a simple concept – to permit persons or entities ("members") to

In the first question will cover the differences between “for-profit”, “non-profit” and “non-governmental” organisations, then three sectors in any economy including “public

With every business that wants to grow and be profitable comes the inevitable, and that is change. Change is part of any organization be it a religious, educational, familial or our work environment. Without change we would not have walked on the moon, broken Olympic records or even have on-line classrooms. Change is not the challenge; it is managing that change as individuals that may be detrimental to the organization.

1) Discuss different organization structures and identify the type of organizational structure that do you thinks suitable for your selected organization?

Sole Trader – one owner of business (1 person who has legal responsibility) such as gardener, window cleaner, small retailer, and plumber

A sole trader is an individual owner of a business. There is a risk vs reward system in place with sole trader as they reap all rewards in the form of revenue and profits but is also entirely liable for all the losses in the business.

Types of Economic organisations, these are organisations in the private sector which comprise of businesses owned by individuals or groups of individuals

people and jobs so that its work can be performed and its goals can be met. When a work group

This is one of the simplest ways of starting up a business. The term sole trader basically means “self-employed”. Therefore the business is owned and managed by one individual. There is an emphasis to inform HMRC of an individual’s intentions to become a sole trader, as they will have to complete and return a self-assessment tax return each year. There is also the fact that a sole trader will pay income tax and Class 2 / 4 National Insurance

In today’s society, technology is a requirement for a company to be productive and advance in the business environment. Organizational structure determines how roles, power, and responsibilities are assigned, controlled, coordinated and how information flows between the different levels of management. In an organizational workforce environment, there are several levels of management, such as managers, supervisors, team leads and coordinators. Their responsibilities are to know why organizational changes are necessary and they must effectively communicate that to the workforce to implement and sustain change. Upper management has the majority of decision-making power and control over departments and divisions. Organizational structure also depends on the organization’s objectives, strategy, and the project. Management is capable of using available resources to accomplish organizational goals and objectives. When individuals in position, such as managers and team lead use their ability to show enthusiastic, and motivation it helps to encourage individuals to work harder toward meeting their goals. The structure help define the roles and responsibilities of the department, work groups and organization. Organizational structure is generally a system of tasks and reporting policies in place to give members of a group direction. Having a good organizational structure will lead to much better decisions by businesses for its long term investment goal will also allow people or groups

Public sector organisations are run by the government for the people. Examples are government departments such as