Types of ownership 0.0 / 5 ? Business StudiesTypes of ownershipGCSEOCR Created by: Jessmai28Created on: 29-04-16 09:56 Sole trader Owned by one person 1 of 8 Partnership A business owned by 2 or more people 2 of 8 Cooperatives Owned and run by people who share an interest in the business 3 of 8 Franchise An individual who buys the right to ready made business 4 of 8 Limited company Supply a memorandum of association which is who the managers will be and where the moneys coming from 5 of 8 Private limited company Small to medium sized businesses 6 of 8 Public limited company -much larger -stocks and shares are traded publicly -share prices rise and fall depending on how successful the company is. 7 of 8 Public sector organisations -controlled by the government -no shareholders -doesnt have to make profit -payed for by taxation 8 of 8
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