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 …
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…Looking at these tables, I do feel that the best option for me in my business would be to be a sole trader, as although there is there risk on unlimited liability, I don't think I would work well with others within this type of business environment. I also would prefer not to have to disclose information about the business, and would rather be able to make decisions quickly without needing to consult anybody else.