Setting up a Business Unit 1 2.0 / 5 based on 1 rating ? Business StudiesStarting a businessGCSEAQA Created by: LydiaCreated on: 06-01-13 00:09 Partnership a business owned and run by two or more people (less than 20njfbjjbhsdcd 1 of 7 Private Limited Company a business with shareholders that has limited liability 2 of 7 Sole Trader a business with unlimited liability owned and run by one person 3 of 7 Entrepreneur the person who takes the risk of starting a business 4 of 7 Infrastructure roads, railways, airports, power, communications 5 of 7 Retail Outlet any place where something is sold to a consumer (e.g. shop, vending machine) 6 of 7 Start-up Costs the initial costs paid once, when a business is first set up 7 of 7
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