One person owns and runs their own business, they have all control over decisions. eg. hairdressers and window cleaners.
1 of 6
Partenership
2-20 people that run a business together, profits are shared. eg. solicitors.
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Limited Companies (Ltd)
People who own the company are not necessarily the same as who run it.
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Private Limited Companies
Usually family run businesses, where shares can be brought by friends and family.
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Public Limited Companies (Plc)
Shares can be traded on the stock market which means theirs no control who buys your shares, and can make decision making difficult.
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Franchises
Where a business with a well-known brand name (franchiser) lets a person or group of people (franchisee) set up their own business using the brand. eg. Mcdonalds.
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Other cards in this set
Card 2
Front
2-20 people that run a business together, profits are shared. eg. solicitors.
Back
Partenership
Card 3
Front
People who own the company are not necessarily the same as who run it.
Back
Card 4
Front
Usually family run businesses, where shares can be brought by friends and family.
Back
Card 5
Front
Shares can be traded on the stock market which means theirs no control who buys your shares, and can make decision making difficult.
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