UNIT 1: Different types businesses


	Advantages & disadvantages of factors which inform a business
	AdvantagesGetting Started Soletrader-low start up costs, keep all profits, owner has full control, easy to set up & owner is the boss. Partenership- easier to set up than a company, shared workload, shared responsibilty & more sources of finance from investors. LTD- limited liability, finacial information is private & shared responisility. PLC- limited liability, high profile businesses & large amount of capital can be raised. State/government owned-	Disadvantages
	Evaluation

Soletrader-low start up costs, keep all profits, owner has full control, easy to set up & owner is the boss.
Partenership- easier to set up than a company, shared workload, shared responsibilty & more sources of finance from investors.
LTD- limited liability, finacial information is private & shared responisility.
PLC- limited liability, high profile businesses & large amount of capital can be raised.
State/government owned-

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