Sole Trader: A business run by one person, -ve - may find it difficult to raise finance, particularly a bank loan, -ve has unlimited liability so all debts may fall on the one owner, Partnership: A business run by 2 to 20 people, Good examples are solicitors, dentists, accountants, +ve due to variety of Partners, loads of ideas can be brought to the table, LTD: +ve people can be invited to buy shares, +ve the invited shareholders can limited liability, PLC: +ve - anyone can buy can shares, so finance can be readily available, -ve there may be disagreements between shareholders (ownership) and managers (control), Famous examples are Apple, Royal Mail, Barclays , +ve the public shareholders have limited liability,

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