types of companies

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  • Created by: DanRowe
  • Created on: 29-04-16 09:43

1. what is co-operative?

  • someone with unlimited liabilities
  • Owned and run by a group of people who have shared interest in the business.
  • someone who shares profits
  • a person who have shared interest in a business
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2. what is a sole trader?

  • owned by two or more people
  • An individual that runs a business
  • a company who is looking to run a business
  • a group who runs a business

3. advantage of partnership?

  • shares everything
  • people can cover for you
  • gets all profits
  • banks might not give you a loan

4. advantage of co-operative?

  • combines products to get more money
  • gets all the profit
  • long holidays
  • you can sell shares to get more money

5. advantage of sole trader?

  • gets three quarters of the profit
  • get all profits
  • gets a quarter of the profit
  • gets have profits

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