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

Card 4

Front

What is a Private Limited Company (LTD)?

Back

Card 5

Front

What is franchising?

Back

View more cards

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Forms of business ownership