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Identify two forms of business organization.(other than supermarkets and fish) canning) found in the private sector.

Sagot :

Two forms of business organizations found in the private sector are partnerships and Limited Liability companies or corporations.

What are partnerships and Limited Liability companies?

  • Partnerships have multiple owners at the same time and these owners divide profits and responsibilities amongst themselves.
  • Larger companies may arrange themselves differently to avoid getting sued and face other challenges.
  • LLC organize themselves in a way that they prevent having ties with an individual directly. This implies that any responsibility is over the company itself and not any specific person or people. These companies are taxed differently when compared to other kinds of organizations.
  • Such a structure makes it difficult to track or chase a single person for any liability.

To learn more about the private sector visit: https://brainly.com/question/27883481?

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