Limited Liability  - Liability for the debts of a business is limited to the amount the shareholder has pout into the business, Unlimited Liability - Liable for all the debts of a business. , Sole trader - A business owned by one person. , Partnership  - A business owned by 2 or more people., What the owners of a Ltd. are called - Shareholders, Type of business ownership where shares can't be sold to the general public - Private limited company , Deed of partnership  - A document setting out the operations of a partnership. , Capital  - The money raised to start or develop a business. , A partner who invests in a business but takes no part in running it. - sleeping partner, Dividend - the money paid to a shareholder from the profits of a business. , Companies House - Where you can register a private limited company , A benefit of a partnership  - The workload is shared, A benefit of a sole trader - Complete control of the business. , A benefit of a private limited company  - Limited liability , What the owners of a Partnership are called.  - Partners, A disadvantage of a Ltd. company - Sale of shares is restricted,

Forms of Business Ownership

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