Understanding different business forms - key words

?
  • Created by: diyap29
  • Created 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

Other cards in this set

Card 2

Front

The legal identity that is separate from the individual owners

Back

Incorporated business

Card 3

Front

Owners of the business are liable for all the debts that the business might incur

Back

Preview of the back of card 3

Card 4

Front

The liability of the owners of a business is limited to the fully paid-up value of the share capital

Back

Preview of the back of card 4

Card 5

Front

The business owned by one person that has unlimited liability

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all understanding different business forms resources »