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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