Types of ownership

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  • Created by: Thomasag
  • Created on: 12-06-18 09:31
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  • Types of ownership
    • sole traders
      • keep all the profit
      • no boss
      • no holiday pay
      • no sick pay
      • long hours
      • unlimited liabillity
    • Private limited company (Plc)
      • limited liabillity
      • shares issued to raise money
      • selling shares is limited to family and friends
      • financial information is shared on the internet to the public
      • share holders might not have the money to expand
      • continuity mean that if on of the shareholders dies the company will continue and not end.

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