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Building Law Assessment 1 26-4624-00S Introduction There are various different types of business organisation recognised in the English Legal System. There are four organisations that I will explain during this assessment. These are the sole trader, partnerships, private limited companies and public limited companies. A sole trader is a single individual who sets up a business, the identity of which is indistinguishable from that of its owner. Partnerships consist of two or more persons, usually with a maximum number of twenty. A Private Limited Company is usually family run and the owners have different liability to the other forms of business organisation mentioned previously. This will be explained later. The owners of a Public Limited Company (PLC) have the same liability as limited companies with the major difference being that a PLC company is open for public investment. These are not the only forms of business organisation. There are also co-operative companies, charities, building...

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