Types of Business Ownership

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Created by: 15reece.dixon
Created on: 12-07-18 09:27

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Types of Business Ownership
- Company
  - Expensive to begin
  - Limited liability
- Public Limited Company
  - Better access to capital
  - Complex to start up
- Private Limited Company
  - Limited liability
  - Sales cannot be sold on a public stock exchange
- Partnership
  - Don't have to pay income pax
  - Unlimited liability
- Sole Trader
  - You are your own boss and get all profits
  - You have unlimited liability so your things can be taken if a payment isn't paid

Comments

Report Wed 18th October, 2023 @ 07:50

There is a small mistake in Private Limited CompanyPrivate Limited Company. "Sales cannot be sold on a public stock exchange" It should read "Shares" not "Sales".