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.
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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.
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