Economics theme 3

  • Created by: admmu
  • Created on: 23-04-18 14:46
What is a sole trader?
a person who is the owner of a business, entitled to keep all profits after tax has been paid out but also liable for all losses.
1 of 5
Partnership?
when 2-20 partnered draw up two legal documents, outlining responsibilities and liabilities of all partners.
2 of 5
Private Limited Company?
A form of business organization in the UK that can limit the number of shareholders, restrict their share transactions, while providing them with limited liability.
3 of 5
Public Limited Company?
minimum capital requirements and shares offered to the public subject to conditions of limited liability.
4 of 5
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5 of 5

Other cards in this set

Card 2

Front

Partnership?

Back

when 2-20 partnered draw up two legal documents, outlining responsibilities and liabilities of all partners.

Card 3

Front

Private Limited Company?

Back

Preview of the front of card 3

Card 4

Front

Public Limited Company?

Back

Preview of the front of card 4

Card 5

Front

.

Back

Preview of the front of card 5

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