There are four primary types of businesses: limited liability companies (LLC), partnerships, corporations, and sole proprietorships. Facebook is considered to be a corporation. As a publicly traded firm, it is owned by its shareholders and distributes a percentage of its revenues to them. A board of directors for Facebook manages business operations and makes decisions on behalf of stockholders. Different Business Structures
The four different types of business entities are a corporation, an LLC, a partnership, and a sole proprietorship. A single person owns and operates a firm as a sole proprietor. A partnership is a company that has two or more owners and is run by them. A corporation is a company that is managed independently of its owners. A hybrid business structure known as an LLC combines the restricted liability of a corporation with the flexibility of a partnership. As a corporation with a sophisticated organizational structure, Facebook has subsidiaries like Instagram and WhatsApp. Business Structures
The three basic types of business are manufacturing, retailing, and providing services. Businesses that offer services, such consulting or landscaping, to clients. Businesses engaged in merchandise sales provide consumers with goods like apparel or electronics. Businesses engaged in manufacturing create goods like computers or automobiles that are sold to consumers. Facebook, which offers users a social media platform, is considered a service business.
In conclusion, Facebook is a company that does business as a service. Its intricate organizational structure includes divisions like Instagram and WhatsApp. When founding a business or making an investment in one, it might be useful to understand the various business kinds and business structures. You can make wise decisions and successfully negotiate the business world if you comprehend the foundations of business.