Business Ownerships
- Created by: Planj_42
- Created on: 02-03-19 10:17
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- Business Ownership
- Limited Copmanies
- Private Limited Compaines (LTD)
- Cannot buy shares on stock market. You have to be invited to buy them.
- Do not have to publish their accounts publicly for anyone to see.
- Can only have a maximum of 50 shareholders
- Limited Liability. If business goes wrong personal assets are safe.
- Need a minimum of 1 shareholder to start up.
- Public Limted Copmanies (PLC)
- Anyone can buy shares from the stock market. The company have no control over who the shareholders are.
- They have to publish their accounts to the public every year.
- Limited Liability.
- Minimum of 2 shareholders needed.
- Private Limited Compaines (LTD)
- Sole trader
- When one person is the exclusive owner of a business.
- The owner keeps all of the profits.
- Unlimited liability. If the business has debts to pay, personal assets are sold to pay for it.
- They can employee other people to work for them.
- Partnership
- A business that is owned by two to twenty people.
- They have unlimited liability.
- Profits and loses equally shared out.
- Not-For-Profit Organisation
- Main aim is not to make a profit but to purse their goals.
- Any profit made is put back into the business to keep it running.
- It is run by a board of directors.
- Often called a charity.
- Limited Copmanies
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