In terms of ownership and control, five kinds of business enterprises are recongnised and legalised by law.-Sole traders(1 person)-Partnerships(2-20 partner）-Close Copration (cc) （1-10 member)-Private companies (pty.ltd) (1-50 shareholders)-Public companies (7-Unlimated shareholders)different form of ownerships has it's own unique characteristics, it is mainly about tas, limited liability, legal person . etc
