Forms of a Business

keeshansheila1
Note by , created about 6 years ago

third year business Note on Forms of a Business, created by keeshansheila1 on 05/31/2013.

38
0
0
Tags
keeshansheila1
Created by keeshansheila1 about 6 years ago
What is Marketing?
tarryn Robertson
What is Marketing?
Stephanie Natasha
Business Studies - AQA - GCSE - Types of Ownership
Josh Anderson
The Elements of Drama
amz.krust
IB 1 Economics Unit 4 to 6
jinyoung1900
Digital Marketing Strategy - The Essentials
Micheal Heffernan
Forms of Business Ownership Quiz
Noah Swanson
Unit 3 Business Studies
Lauren Thrower
Contract Law
sherhui94
AQA Business Unit 1
lauren_binney

Page 1

What is a SOLE TRADER? A Sole Trader is a person who owns,manages and provides the capital for a business.

What is a Privately owned company? It is a business owned by shareholders usually 1-99 who finance the business (provide capital). If the company makes a profit the shareholders get a dividend.

What is a SHAREHOLDER?A shareholder is a person who invests the money in a company in order to make money in a company. They have Limited Liability.

What is LIMITED LIABILITY? Limited Liability is when the shareholders only loses what they invest in the company.  This means that shareholders do not lose their private property to pay for the debts of the business.

What is a CO-OPERATIVE? A Co-operative is a business run by a group of a people who share a common interest. it is run for the benefit of a group of people.

What is a STATE OWNED COMPANY?it is a business owned and manged by the goverment and formed by an ACT OF THE DAIL.

What is Privatisation and nationalisation? Privatisation is when the Government sells a state owned companyto the private sector e.g eircom.. nationalistion is when the government buys of takes over a privatly owned company.

New Page