All businesses have been divided into private sector and public sector. Under the public sector business organisations are owned and controlled by the Government e.g. Post Office, Bank of England etc. However under the private sector businesses are categorised by the following types of ownership: Sole traders  Partnerships  Private Limited company  Public Limited company

For this assignment, in seeing a real life business organisation at work I shall be looking closely at Vodafone Plc. Vodafone Plc is a large joint venture with the type of ownership, as a public limited company and a joint venture. A Joint venture means that two or more companies have joined together having said this Vodafone Plc is joint venture with Vizzivi. Being a public limited company also means Vodafone’s shares are openly traded on the stock exchange therefore people can easily buy and sell shares on the stock exchange.

Vodafone’s shareholders also have limited liability this means all of its shareholders are liable for the debts of the company only up to their value of shareholding. To become a plc a memorandum of association and statutory declaration must be proved. Once it is approved it will be given a ‘Certificate Incorporation’. All businesses have been divided into private sector and public sector. Under the public sector business organisations are owned and controlled by the Government e.g. Post Office, Bank of England etc. However under the private sector businesses are categorised by the following types of ownership:

Sole traders – Partnerships – Private Limited company – Public Limited company For this assignment, in seeing a real life business organisation at work I shall be looking closely at Vodafone Plc. Vodafone Plc is a large joint venture with the type of ownership, as a public limited company and a joint venture. A Joint venture means that two or more companies have joined together having said this Vodafone Plc is joint venture with Vizzivi. Being a public limited company also means Vodafone’s shares are openly traded on the stock exchange therefore people can easily buy and sell shares on the stock exchange. Vodafone’s shareholders also have limited liability this means all of its shareholders are liable for the debts of the company only up to their value of shareholding. To become a plc a memorandum of association and statutory declaration must be proved. Once it is approved it will be given a ‘Certificate Incorporation’.