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Business ownership
Sole Trader – a business that has a single owner/manager
Partnership – where a group of people agree to carry on a business together in order to make a profit. The number of partners allowed varies with different occupations.
Cooperative – a business formed by any number of people with a common interest, e.g. to sell or buy things. The members invest in the cooperative which carries out their buying and selling for them.
Private company – is not listed on the stock exchange and has the words ‘Proprietary Limited’ after its name. It is owned by up to 50 shareholders.
Public company – this form of company is listed on the stock exchange and any number of people may become shareholders.
Statutory body - a business owned by the government, either state or federal.
Business organisations - enterprises concerned with producing goods and services in order to make a profit.
Small business –a small manufacturing business employs up to 100 people. A small non-manufacturing business employs up to 20 people. Small businesses are independently owned and managed.
Non-profit organisations - these are associations that engage in activities without any commercial or monetary profit.
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