GCE (AS) business - Legal forms of business 0.0 / 5 ? Applied BusinessLegal forms of businessASAQA Created by: revisionnerdCreated on: 22-04-15 18:00 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
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