Types of ownerships 0.0 / 5 ? Business Studieswords and definitionsIGCSEOCR Created by: SIR SatanHimSelfCreated on: 29-04-16 09:52 Owned by one person soletrader 1 of 7 A group of people start to run a business Partnership 2 of 7 Is owned by a group of people with shared interests cooperatives 3 of 7 individual buys a ready made business from an established company Franchise 4 of 7 Small to medium sized business Must have at least 1 shareholder, 1 director and 1 secretary LTD 5 of 7 They are usually much larger than ltds Shares are on the stock exchange PLC 6 of 7 Only controlled by the government No shareholders Paid for by taxation Public sector organisation 7 of 7
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