business ownership structures
- Created by: Muskaan Dhaliwal
- Created on: 02-08-19 13:09
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- business ownership structures
- soletrader
- one owner
- advantages
- quick to set up
- handle all decisions
- keep all profits
- disadvantages
- unlimited liability
- stressful workload
- may find finance difficult
- advantages
- one owner
- partnership
- 2-20 owners
- advantages
- more finance
- more ideas
- specialise in different areas
- disadvantages
- disagreements
- share profits
- unlimited liability
- advantages
- 2-20 owners
- private limited (ltd.)
- shares sold when all shareholders agree
- advantages
- limited liability
- sell shares
- higher reputation
- disadvantages
- legal procedures
- final accounts
- advantages
- shares sold when all shareholders agree
- public limited (plc)
- shares bought by anyone / trades on stock exchange
- advantages
- limited liability
- higher reputation
- sell shares
- disadvantages
- disagreements
- final accounts
- made public
- advantages
- shares bought by anyone / trades on stock exchange
- not for profit
- don't make profit for owners
- 2-20 owners
- aim to benefit society
- soletrader
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