Business ownership structure

HideShow resource information

Sole traders-
Plumbers, hairdressers, newsagents
Advantages: easiest to set up
Get to be your own boss
You decide what to do with the profit
Disadvantages: Long hours
Unlimited liability (personally liable for the debts)
Accountancy, solicitors, doctors
Partners have an equal say in business decisions and profits, unless it says different in a 'deed of partnership'


No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Ownership and control resources »