Organisation Options

Eoin Keenan Quinn
Flashcards by Eoin Keenan Quinn, updated more than 1 year ago More Less
Eoin Keenan Quinn
Created by Eoin Keenan Quinn about 2 years ago
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Leaving Certificate Business Studies Flashcards on Organisation Options, created by Eoin Keenan Quinn on 10/21/2017.

Resource summary

Question Answer
Sole Trader 1 Person Unlimited Liability Easy setup All profits Farmers, pubs etc...
Partnership 2-20 people Unlimited Liability Easy setup (Deed of Partnership) More Capital Not all Profits Arguments KPMG / Law Firms
Private Limited Company (Ltd.) 1-99 people Limited Liability More Capital Workload is Split Complicated (Certificates, Registrar etc..) Must make accounts public River Island Clothing Company Ltd.
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