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    Ownership Sorting Exercise

    Uploaded by

    Werda Rashid Ekhlas
    1. Sole traders have unlimited liability for business debts and do not receive sick pay or holidays. 2. Partnerships require registration and have between 2-20 owners who share responsibility for business debts and management. 3. Private and public limited companies have owners with limited liability who invest shares and can raise finance by selling shares on a stock exchange.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Ownership Sorting Exercise

    Uploaded by

    Werda Rashid Ekhlas
    295 views1 page
    1. Sole traders have unlimited liability for business debts and do not receive sick pay or holidays. 2. Partnerships require registration and have between 2-20 owners who share responsibility for business debts and management. 3. Private and public limited companies have owners with limited liability who invest shares and can raise finance by selling shares on a stock exchange.

    Original Description:

    Ownership sorting exercise to understand different forms of business

    Original Title

    Ownership sorting exercise

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    1. Sole traders have unlimited liability for business debts and do not receive sick pay or holidays. 2. Partnerships require registration and have between 2-20 owners who share responsibility for business debts and management. 3. Private and public limited companies have owners with limited liability who invest shares and can raise finance by selling shares on a stock exchange.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    295 views1 page

    Ownership Sorting Exercise

    Uploaded by

    Werda Rashid Ekhlas
    1. Sole traders have unlimited liability for business debts and do not receive sick pay or holidays. 2. Partnerships require registration and have between 2-20 owners who share responsibility for business debts and management. 3. Private and public limited companies have owners with limited liability who invest shares and can raise finance by selling shares on a stock exchange.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    It is hard to take holidays and All accounts must be The owner gets to make all

    there is no sick pay if you published. This means the decisions. Sole Traders
    work for yourself! anyone can see how much
    money you make and what Running of the business is
    These businesses need to be you own! shared between partners
    registered with the Registrar making it easier on the
    of Companies. The owner has unlimited owners.
    liability – he/she is
    responsible for the debts of Because shares are sold, it is
    In a public limited company, the business. easy for these businesses to
    shares are sold on the stock
    raise finance.
    exchange. Consists of between 2 and 20
    owners.
    This type of business has just These can be Private (Ltd) or Partnerships
    one owner. Public (PLC).
    The owner keeps all profits.

    This type of business is the


    Owners have limited liability Top examples include
    easiest to set up.
    – they only stand to lose window cleaners, carpenters
    what they invest. and small shop owners.
    People buy shares in this type
    of business.
    Top examples include All owners have unlimited
    dentists, solicitors and liability – they are
    accountants. responsible for the debts of A disadvantage is that the
    the business. owners could disagree on
    Sometimes, sleeping partners
    decisions. Limited
    invest in these types of
    business. They have limited
    To set up, the owners usually
    sign a Deed of Partnership.
    Sometimes profits are Companies
    distributed to shareholders.
    liability and only stand to lose How profits are shared will This payment is called a
    what they invest. be shown in this document. dividend.

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