817694
Description
Flashcards by AcidicLDSGamer, updated more than 1 year ago
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Created by AcidicLDSGamer
almost 10 years ago
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| Question | Answer |
| Sole trader/ sole proprietor | A person that owns a business on their own. |
| Partnership | A partnership is between 2-20 people that own a business collectively |
| Ltd/ Private limited company | A Ltd company will have a couple of share holders that are normally family and friends |
| Plc/ Public Limited Company | they sell their shares on the stock exchange. They pay share holders dividends. |
| Limited Liability | The business loses things if it goes into debt and not the owner |
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