Limited Liability. Shares sold on stock exchange bought/sold by anyone. Easy to raise finance. Start/running costs are expensive. All company affairs are public. E.g BP, Burberry, Tesco, Unilever
Public limited company
1 of 6
One owner of a business who is entitled to keep all profits after tax. One person has full control. Unlimited liability. Hard to raise finance. Everything/all the stress is down to one person. E.g local restaurants, hairdressers
Sole Trader
2 of 6
Organisation that aims to help humans/the environment. Creates value for society, hard to get donations/funding. Must meet social aims. Helps community. E.g Eden project, Big Issue
Social Enterprise
3 of 6
Limited liability. Number of shareholders is limited to 50. Low starting costs but hard to raise finance as can’t sell shares to public. E.g Facebook, Ikea, Mars
Private Limited Company – Ltd
4 of 6
Owners sell the rights to their business logo, name and model. It has wide spread recognition but they must operate how the franchiser wants. Royalties are given to the franchiser. Affected by damaged brand name. E.g Shakeaway
Franchise
5 of 6
2 or more individuals who share management and profits. Combine capital, easy to set up, spread work load. Shared profits, disagreements. E.g Ben and Jerry, Warner Bros, McDonalds
Partnership
6 of 6
Other cards in this set
Card 2
Front
One owner of a business who is entitled to keep all profits after tax. One person has full control. Unlimited liability. Hard to raise finance. Everything/all the stress is down to one person. E.g local restaurants, hairdressers
Back
Sole Trader
Card 3
Front
Organisation that aims to help humans/the environment. Creates value for society, hard to get donations/funding. Must meet social aims. Helps community. E.g Eden project, Big Issue
Back
Card 4
Front
Limited liability. Number of shareholders is limited to 50. Low starting costs but hard to raise finance as can’t sell shares to public. E.g Facebook, Ikea, Mars
Back
Card 5
Front
Owners sell the rights to their business logo, name and model. It has wide spread recognition but they must operate how the franchiser wants. Royalties are given to the franchiser. Affected by damaged brand name. E.g Shakeaway
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