Ownership 3.5 / 5 based on 4 ratings ? Business StudiesASWJEC Created by: Lily SaltashCreated on: 28-12-12 14:16 What is the basic description of a Sole Trader? It is only owned by one person. (also known as self-employed) 1 of 6 Which businesses have unlimited liability? Sole trader and Partnership 2 of 6 What is the basic description of a Private Limited (LTD) company? Tend to be small, name ends in Ltd., shares can only be transferred 'privately'. 3 of 6 Name three advantages of being a public limited company (plc) Large amount of capital due to shares, can gain E.O.S, usually can dominate the market 4 of 6 Name three disadvantages of being a Private Limited Company (LTD) Profits shared among larger members, legal procedures, cannot sell shares to the public 5 of 6 Who owns a co-operative? The workers and members 6 of 6
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