STELCO and Maldives Road Development Corporation are public sector businesses

The main areas of public services are

undertaken by government corporations.

Two or more person taking risks to do the business is called sole proprietorship

A multinational company is an organization which owns and

controls businesses in other countries other than the country

of incorporation.

Multi-national companies are also known as

Joint ventures.

Producer cooperatives are formed in

order to ease their processes and to market their products.

There are Six main types of cooperatives

Private sector businesses are those businesses that are run

by individuals other than the government institutions and

which the government has no operational control.

To form a company, the goals and objectives of the

government need to be identified.

Memorandum of association include information on

the purpose as well as the duties and responsibilities of its members.

All the details of the companies will be

held with the registrar of companies.

a sole proprietor is referred to a person

conducting a business which has no legal entity but is individually liable for any debts.

There are

three main types of companies.

Private sector is the part of the economy which is under the direct

control of a country’s government.

Public sector is the area on which the government of a country

has direct control.

Public sector includes schools, public

hospitals and parks.

Different businesses have different objectives or aims.

Voluntary organization only operate towards a profit

Most common types of private sector businesses are sole proprietor, partnership,

and corporations

The profit organisations include organisations that are run for the benefit of the society.

Business is the activity of buying and selling goods and services.

In partnership Businesses partners can share profit and loss

Can share losses among partners in advantage of soletrader

franchise agreement would explain in detail the

franchisor’s rules on operating the franchise.

Partnership is a business system in which an owner of a product or service provides the license to sell the products or services along with other privileges.

Recent franchises include Marrybrown, Burger King and Secret Recipe

One of the oldest operating franchise in the Maldives can be identified as Male Aerated Water Company Private Limited

In joint ventures the parties contribute

their resources according to the joint venture agreement.

Companies are legal entities.