Ownership

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1. 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
  • No start up costs, can share work and cover each other, limited liability
  • Easy to form, more likely to be successful, owner has complete control
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2. Who owns a co-operative?

  • A franchisor
  • The workers and members
  • Shareholders

3. What is the basic description of a Sole Trader?

  • The allowing of people to use your businesses name and values.
  • It is only owned by one person. (also known as self-employed)
  • It has more than one owner, and they all share profits.

4. Which businesses have unlimited liability?

  • Co-operative and Public limited
  • Sole trader and Partnership
  • Sole trader and Private limited

5. 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'.
  • Tend to be larger, shares can be bought and sold on the stock exchange.
  • More than one owner, they share the profits.
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