The types of companies and their characteristics

We can observe in our society a great variety of Business, which exercise economic power, for the development of countries.

Now, first of all, we must know What is a company? The company is nothing more than the economic-social unit, where capital, labor and management are formed to carry out useful production, according to the demands of consumers. Every company to start needs three essential things that are: capital, work and material resources.

In short, a company is a social organism that is formed by a series of elements, the most important of which is the human, then we can cite the technicians and materials that go with it. to make up, so that it can provide profits, as well as provide services to society, led by highly qualified personnel, in this case a administrator, where it will be the person in charge of making decisions, so that it can achieve objectives set since its foundation in conjunction with all the personnel that make up.

For a company to achieve the objectives that have been set since its inception, it must combine a series of factors, such as nature and capital.

Today there are various types of companies and these are classified or characterized depending on the way in which they are organized, in this sense, we are going to know the classifications of the companies according to:

Legal form:

• Sole proprietorship: as its name implies, a single person is the absolute owner of the company. The individual must respond with his capital to any damage suffered by someone for the services of the company.

• Collective society: are those companies or companies that are made up of more than one owner. In these, its partners respond unlimitedly with their assets.

• Cooperatives: They are non-profit companies whose objective is to seek to obtain benefits for the partners that make it up. This type of company can be made up of consumers, workers or producers.

• Anonymous society(S.A.): this type of company is made up of people who own capital by means of shares, where they have limited liability to the assets they have contributed.

• Limited liability company (S.R.L.): this type of company is made up of partners, who only respond with the capital they have invested in it and not with their personal assets.

According to its size:

• Micro-enterprise: This type of company is made up of 10 workers and the owner of the same usually works in it, the development of economic activities is low and its importance or impact on the labor market is not so significant.

• Small companies: in this type of companies the staff increases, where it rises from 11 to 49 workers, its main objective is to be self-sufficient and independent, their financial resources are limited and the capacity of workers is elevated.

• Medium businesses: this type of company is made up of between 50 and 250 workers, in this type of company they usually have unions, areas with defined functions and responsibilities and an organization more effective.

• Big enterprises: This type of company has more than 250 workers, and they have their own facilities, their economic development and sales are large and their workers are highly organized.

According to your service:

• These types of companies are characterized by providing a service to society, among these stand out, Transportation, Education, Finance, Health, Financial institutions, among others.

There are others types of companies that we will be detailing later in our portal.