business ownerships

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  • Created by: kiran
  • Created on: 06-01-13 14:55
sole trader
owned and run by one individual
1 of 6
advantages
easy to set up, not much capital needed and all the profits go to the owner
2 of 6
disadvantages
holidays, ill days causes a problem as there is one person, unlimited liability,
3 of 6
partnerships
2-20 people within business
4 of 6
advantages
ideas can be spread, individuals have specialised areas, work is spread
5 of 6
disadvatages
profit is sharedm unlimited liability
6 of 6

Other cards in this set

Card 2

Front

advantages

Back

easy to set up, not much capital needed and all the profits go to the owner

Card 3

Front

disadvantages

Back

Preview of the front of card 3

Card 4

Front

partnerships

Back

Preview of the front of card 4

Card 5

Front

advantages

Back

Preview of the front of card 5
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