GCE (AS) business - Legal forms of business

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There is no legal difference between the owner and the business.
Sole Trader
1 of 5
With this type of company shares can only be sold privately.
Private Limited Company
2 of 5
Shares are offered to the public however they have to follow the conditions of limited liability.
Public Limited Company
3 of 5
This is when you trade goods with suppliers whom allow debts regarding the service.
Trade credit
4 of 5
When two or more people share the profit and loss.
Partnership
5 of 5

Other cards in this set

Card 2

Front

With this type of company shares can only be sold privately.

Back

Private Limited Company

Card 3

Front

Shares are offered to the public however they have to follow the conditions of limited liability.

Back

Preview of the front of card 3

Card 4

Front

This is when you trade goods with suppliers whom allow debts regarding the service.

Back

Preview of the front of card 4

Card 5

Front

When two or more people share the profit and loss.

Back

Preview of the front of card 5

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