Ownership

Note taking in class before unit one exam

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  • Ownership
    • Sole traders
      • Own boss - Keep the profits
    • Partnership
      • Two or more people own business - Mean more money coming in
      • Unlimited Liability
        • You are totally liable for mistakes and you have to pay
          • Sole traders
            • Own boss - Keep the profits
    • Limited company
      • Private
        • Limited liability and sell shares in private
      • Public
        • Limited liability and sell shares on stock market

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