Forms of business ownership

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  • Created by: Dinaroz
  • Created on: 13-04-16 19:54
What is a Sole trader?
A sole trader is any business that is owned and controlled by one person
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What is a Partnership?
Partnerships are businesses owned by two or more people.
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What is a limited company?
A limited company,a private company whose owners are legally responsible for its debts.
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What is a Private Limited Company (LTD)?
A private limited company (ltd) is often a small business such as an independent retailer in a market town. Shares do not trade on the stock exchange.
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What is franchising?
A franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing, training, merchandising, marketing and managing in return for a monetary consideration.
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What is a Public Limited Company (PLC)?
A company whose securities are traded on a stock exchange and can be bought and sold by anyone. Public companies are strictly regulated, and are required by law to publish their complete and true financial position Read more: http://www.businessdict
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Other cards in this set

Card 2

Front

What is a Partnership?

Back

Partnerships are businesses owned by two or more people.

Card 3

Front

What is a limited company?

Back

Preview of the front of card 3

Card 4

Front

What is a Private Limited Company (LTD)?

Back

Preview of the front of card 4

Card 5

Front

What is franchising?

Back

Preview of the front of card 5
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