Can be between two and twenty people. They can share skills and the workload. It may be easier to raise capital needed.
1 of 5
PRIVATE LTD
These tend to be smaller than public limited one and are often family businesses. There must be at least two shareholders but there is no maxinum number.
2 of 5
SOLE TRADER
A business owned, controlled and financed by one person although this business might employ several people.
3 of 5
FRANCHISE
A business which had bought the right to trade under an established name.
4 of 5
TYPES OF BUSINESS
franchise - sole trader - private ltd - partnership
5 of 5
Other cards in this set
Card 2
Front
These tend to be smaller than public limited one and are often family businesses. There must be at least two shareholders but there is no maxinum number.
Back
PRIVATE LTD
Card 3
Front
A business owned, controlled and financed by one person although this business might employ several people.
Back
Card 4
Front
A business which had bought the right to trade under an established name.
Back
Card 5
Front
franchise - sole trader - private ltd - partnership
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