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Sony Mobile Communications (formerly Sony Ericsson Mobile Communications) is a multinational private sector mobile phone manufacturing company

headquartered in London, United Kingdom and a wholly owned subsidiary of Sony Corporation. It was founded on October 1, 2001 as a joint venture between Sony and the Swedish telecommunications company Ericsson Sony acquired Ericsson's share in the venture on February 16, 2012. PRIVATE SECTOR In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit and is not controlled by the state. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the voluntary sector. A variety of legal structures exist for private sector business organizations, depending on the jurisdiction in which they have their legal domicile. Individuals can conduct business without necessarily being part of any organization. The main types of businesses in the private sector are:

Sole proprietor or sole trader Partnership, either limited or unlimited liability Private Limited Company or LTD-limited liability, with private shares Public Limited Company shares are open to the public. Two examples are:

Franchise business owner pays a corporation to use their name, receives spec for the business Workers cooperative all workers have equal pay, and make joint business decisions

In countries where the private sector is regulated or even forbidden, some types of private business continue to operate within them. The private sector employs the majority of the workforce in some countries. However, in some countries such as the People's Republic of China the public sector employs most of the workers.

SOLE PROPRIETORSHIP; A sole proprietorship is the type of business that is owned and operated by an individual and in which there is no legal distinction between the owner and the business. The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor's. This means that the owner has no less liability than if they were acting as an individual instead of as a business. It is a "sole" proprietorship in contrast with partnerships. ADVANTAGE: As the owner is the boss, quick decisions can be done. Inexpensive as it does not require large investment. Easy to start a business. All the profit belongs to the owner so there is no disagreement.

DISADVANTAGE: When facing big corporations it is difficult to match the challenges. Sources of finances such as banks, friends, and family are very limited. Innovative ideas are required to face competition.

PARTNERSHIP: Types of partnerships include: I. General partnership It is a legal term used to describe a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the business's debts and obligations. Limited partnership A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners, there are one or more limited partners (LPs). Joint venture It is a business agreement in which parties agrees to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets

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ADVANTAGE: Partnership last longer than sole proprietorship Contains benefits from the combination of talents and skills of the workers. Government regulations are fewer compared to other corporation.

DISADVANTAGE: All partners are held responsible for the actions of the other co-workers. Profit sharing can often create conflicts if one of the partners work dont deserve to earn it. Limited partners have no say in management but they bear most of the risks.

CORPORATION: A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations. Many corporations are established for business purposes but public bodies, charities and clubs are often corporations as well.

Types of corporation: I. Private or closed corporation A privately held company or close corporation is a business company owned either by non-governmental organization or by a relatively small number of shareholders or company members which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately. Public or Open Corporation - A company whose shares are publicly traded and are usually held by a large number (hundreds or thousands) of shareholders. Quasi-public - A type of corporation in the private sector that is backed by a branch of government that has a public mandate to provide a given service. Most quasi-public corporations began as government agencies, but have since become separate entities.

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ADVANTAGE: It is easy to transfer ownership by selling stock/share to the new owner. No difficulty in expansion as funds is available. Corporation life is usually forever. DISADVANTAGE: All government regulation must be followed by every worker and they must work systematically. Employees are generally not the stockholders.

LLC (Limited Liability Corporation); A limited liability company (LLC) is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions. LLCs do not need to be organized for profit. ADVANTAGE: All your business losses, profits, and expenses flow through the company to the individual members. Corporations are required to keep formal minutes, have meetings, and record resolutions. The LLC business structure requires no corporate minutes or resolutions and is easier to operate.

DISADVANTAGE: Corporations can live forever, whereas a LLC is dissolved when a member dies or undergoes bankruptcy. Business owners with plans to take their company public, or issuing employee shares in the future, may be best served by choosing a corporate business structure.

COOPERATIVES: A cooperative is an autonomous association of persons who voluntarily cooperate for their mutual social, economic, and cultural benefit. Cooperatives include nonprofit community organizations and businesses that are owned and managed by the people who use its services (a consumer cooperative) and/or by the people who work there (a worker cooperative).