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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1.3 Business Ownership SORT
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Ccampbell35
KS4
Business
Business activity
Business ownership
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