Business Studies 1.0 / 5 based on 1 rating ? Business StudiesOwnership and controlGCSEEdexcel Created by: Louisa TrimmerCreated on: 27-11-14 10:19 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 1 of 5 Partnership l 2 of 5 Private Limited Company (Ltd) l 3 of 5 Public Limited Company (PLC) l 4 of 5 Franchise l 5 of 5
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