Sole trader, A business owned by one person., Partnership, A business owned by between 2 and 20 partners., Private limited company (Ltd), Usually a smaller business, it can sell shares to invited people only., Public limited compant (plc), It can sell shares to anyone who wants to buy., Deed of partnership, A document stating who owns the partnership, how much money each partner has invested and their role in the business., Share, Part ownership of a business., Unlimited liability, The owner of a business is responsible for repaying all the debts of a business., Limited liability, The owners of a business can only lose the money they have invested in a business if it fails., Assets, Items owned by the business, such as stock, buildings and vehicles, as well as less obvious things such as a good reputation., Start-ups, New businesses that are just beginning., Established business, A business that has been trading for some time., Finance, The money used to start up or to expand a business, usually from savings and loans. It is used for capital items such as investment in buildings and machinery.
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1.3 Business ownership (Find the Match)
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