business ownership structures

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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
    • partnership
      • 2-20 owners
        • advantages
          • more finance
          • more ideas
          • specialise in different areas
        • disadvantages
          • disagreements
          • share profits
          • unlimited liability
    • private limited (ltd.)
      • shares sold when all shareholders agree
        • advantages
          • limited liability
          • sell shares
          • higher reputation
        • disadvantages
          • legal procedures
          • final accounts
    • public limited (plc)
      • shares bought by anyone / trades on stock exchange
        • advantages
          • limited liability
          • higher reputation
          • sell shares
        • disadvantages
          • disagreements
          • final accounts
            • made public
    • not for profit
      • don't make profit for owners
      • 2-20 owners
      • aim to benefit society

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