Business Studies

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Sole Trader
Someone who owns a business, takes all the profits, he can employ people. He will pay NICs and income tax and if he earns over £81,000 in a year he must register for VAT
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Partnership
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Private Limited Company (Ltd)
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Public Limited Company (PLC)
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Franchise
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Card 2

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Partnership

Card 3

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Preview of the back of card 3

Card 4

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Preview of the back of card 4

Card 5

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Preview of the back of card 5

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