Ownership Structures

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  • Created by: JH1010
  • Created on: 12-11-15 20:35
Sole Traders Advantages
Choose what happens to the profit, be own boss
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Sole Traders Disadvantages
Long hours, little holidays, unlimited liability
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Partnership Advantages
More capital, more ideas
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Partnership Disadvanatges
Share profit, each partner is legally responsible for what other partners do, need memorandum of association, need deed of partnership
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Franchisee Advantages
Already established product, minimal advertising, can receive training and guidance from franchisor
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Franchisee Disadvantages
Can only sell the products that the franchisor what you to sell, have to give away a proportion of the profit to the franchisor
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Franchisor Advantages
Quick and easy way to expand and gain more market share
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Franchisor Disadvantages
If a franchisee has poor standards it can affect the reputation of the whole company
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LTD Advantages
Limited liability, can raise capital from selling shares
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LTD Disadvantages
Must publish its accounts every year to the Companies House, hard to sell shares as all shareholders must agree, disagreements can arise between stakeholders, more expensive to set up than partnerships
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Other cards in this set

Card 2

Front

Long hours, little holidays, unlimited liability

Back

Sole Traders Disadvantages

Card 3

Front

More capital, more ideas

Back

Preview of the back of card 3

Card 4

Front

Share profit, each partner is legally responsible for what other partners do, need memorandum of association, need deed of partnership

Back

Preview of the back of card 4

Card 5

Front

Already established product, minimal advertising, can receive training and guidance from franchisor

Back

Preview of the back of card 5
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