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.
    • 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.

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