The way in which a business is run is known as the internal organisation of a business. This can be a number of ways, including partnerships, sole proprietorships, and public or private limited companies. Since I am going to be setting up such a small company, I will need to set up as either a partnership or a sole proprietorship.
A partnership is where two or more people run a business together. They usually do not want to hold total responsibility for the business whilst still being able to do their own work.
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