Types of Businesses

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What is a sole trader?
one person who owns and controls the business
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What is a partnership?
two or more people who own the business
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What is a private limited company?
A privately owned business that raises capital by selling shares privately
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What is a public limlited company?
Owned by shareholders from the public, shares sold on the stock exchange
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What is a franchises
When a company allows another company to trade under it business name
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Other cards in this set

Card 2

Front

What is a partnership?

Back

two or more people who own the business

Card 3

Front

What is a private limited company?

Back

Preview of the front of card 3

Card 4

Front

What is a public limlited company?

Back

Preview of the front of card 4

Card 5

Front

What is a franchises

Back

Preview of the front of card 5

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