Private sector
Different types of private sector business
The private sector has different types of business ownership. The most common ones are:
- An organisation owned by one person.
- An organisation owned by 2-20 partners
- A business that sells shares privately to invited members.
- A company where shares are offered to the public.
- A company which has its headquarters in one country but has assembly or production facilities in other countries.
- Buying into an existing business and acquiring the right to use an existing business idea in a particular location.
Three different kinds of private sector businesses explained