Private Limited Company: Can only sell shares to family & friends, LTD, Can raise finance by selling shares in the company, Examples are Arnold Clark Ltd & Dyson ltd, Public Limited Company: Can sell shares to the public on the stock market, PLC, Risk of takeover, Examples are Tesco PLC, ASDA PLC, Sole Trader: Owned and run by one person, Owner keeps all of the profit, Owner keeps all of the control, Examples are Hairdressers, tradespeople, Partnership: Owned and run by 2-20 people, Shares profits with partners, Shares control with partners, Examples are Dentists, Solictors, Government Owned: Funded by taxes, Examples are hospitals, schools, Public Sector Businesses , Run by government appointed board of directors, Charity: Aims to make money for good causes, Examples are NSPCC, OXFAM, Funded by charitable donations, Third Sector Businesses,
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OCR L3 1.1
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Amydanbury
KS5
Business
Finance and Sources of Finance
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