Business - Business Sectors and Types 0.0 / 5 ? OtherAnimal ManagementOtherOther Created by: Becky_BerryCreated on: 28-01-21 10:34 Types Not for profit charity public sector Limited Public (Plc.) Limited liability Private (Ltd.) Limited liability Sole Proprietor 1 owner sole trader unlimited liability Partnership can be unlimited liability limited liability partnerships limited liability limited partnerships partnership 1 of 4 Types: Franchise Franchisor has no outgoing costs Franchisor sells to another person chose sole-partner etc. rights to use name and sell products or service is given called franchisee franchisee gives 20-30% of their profits 2 of 4 Key Terms Primary Sector- suppliers, produce raw materials Secondary Sector - manufacturing and assembling Tertiary Sector - refers to commercial services that support the production and distribution process Public Sector - owned and run by government (e.g., NHS, police, army) Private Sector - owned and run by private individuals (for-profit) (e.g., Tesco, Pets at Home, Pets Corner) 3rd Sector - charities (not-for-profit) (non-governmental)(e.g., RSPCA, RSPB, Battersea Dogs and Cats Home, WWF, Blue Cross) General Partner - responsible for the day to day running of the business Limited Partners - fund the running of the business Unlimited Liability - you and the businesses share the debt. They can tae your personal assets. Limited Liability - only lose the money invested in the business, only lose the money of the business. Associated business - 2 businesses connected to each other 3 of 4 Partnerships All members in a partnership have unlimited liability and must inform HMRC and register as self-employed. Limited Liability Partnerships (LLP) owned by at least 2 members limited liability business is its own legal entity agreement to how the business is run must register with Companies House all partners are limited partners Limited Partnership general partner has control limited partners have no active role unlimited liability not its own legal identity must register with Comapnies House Liability for Partnership's debts Your responsibilities 4 of 4
Seed Processing Market Product Scope, Demand, Business Scenario, Trends, Share, Applications, Types and Forecasts 2021 – 2028 0.0 / 5
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