Owners.

Owners.

Owners run the buisness financially and are internal stakeholders in the buisness.

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Sole Traders.

Sole traders are people who own the business themselves and often are the only employee.

Advantages:Can work when they want, only pay themselves.

Disadvantages: Full liability and when their ill they dont earn money.

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Partnership.

Two owners of the business.

Advantages: Limited liability, more money going in

Disadvantages: Less money going to yourself, less control in the buisness.

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Ltd.

A Ltd is a business with limited shares and is owned by many people but however they choose who they sell shares to and its usually a big buisness.

Advantages: Choose who to sell to, if you have the majority share what you say happems.

Disadvantages: Less money for yourself, less control in the company.

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Plc.

A Public limited company is a company whos shares can be bought buy the public.

Advantages: More money coming in, lots of small percentage holders so they have less control but more money is coming in.

Disadvantages: You dont know who buys a share, harder to contact every owner/arrange meetings.

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Sleeping Partner.

A sleeping partner puts money into a company without any part in running it, they can only lose the money they invested.

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Limited Liability Partnership.

A LLP is because a recent change in law allows for a partnership to be a LLP which means they can only lose the money they put in if it goes bust.

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Liability.

Liability is when someone is responsible for something, a Sole trader has all the liability and if the company goes bust things will be taken off of that person. However if a Partnership, Ltd or Plc goes bust things will be taken equally so everyone has limited liability (a sole trader has unlimited liability).

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