Business structure

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Name the five types of business structures
Sole trader, partnership, private limited company, public limited companies and franchises.
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What is a sole trader?
Someone who runs a business by themselves.
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What is a partnership?
A business owned by two or more people
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What is a private limited company
A small independent business such as a retailer
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What is a public limited company?
A large well-known business with shares on he stock market.
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What is a franchise?
buying into an existing business and acquire the right to use an existing business idea.
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Other cards in this set

Card 2

Front

What is a sole trader?

Back

Someone who runs a business by themselves.

Card 3

Front

What is a partnership?

Back

Preview of the front of card 3

Card 4

Front

What is a private limited company

Back

Preview of the front of card 4

Card 5

Front

What is a public limited company?

Back

Preview of the front of card 5
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