Understanding different business forms - key words 0.0 / 5 ? Businessunderstanding different business forms ASAQA Created by: diyap29Created on: 29-10-20 17:06 Unincorporated business The identity of the business and the owner is the same 1 of 13 Incorporated business The legal identity that is separate from the individual owners 2 of 13 Unlimited Liability Owners of the business are liable for all the debts that the business might incur 3 of 13 Limited liability The liability of the owners of a business is limited to the fully paid-up value of the share capital 4 of 13 Sole Trader The business owned by one person that has unlimited liability 5 of 13 Partnership A business organisation that has more than one plus 6 of 13 Private limited company Small/medium sized business usually run by family or a group of individuals who own it 7 of 13 Public limited company A business that is legally able to offer its shares for sale to the public 8 of 13 Shareholder Legally owns one or more shares of the share capital in a private or public limited company 9 of 13 Ordinary share capital Money given to a company by shareholders in return for a share certificate that gives them part ownership of the company 10 of 13 Dividends Payments made by companies to their shareholders out of profits earned 11 of 13 Market capitalisation The value of outstanding shares in a public limited company 12 of 13 Share price The price of a single share in a company 13 of 13
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