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Investigating business - Type of Ownership.
Member rating: No Rating | Words: | Submitted: Mon Mar 08 2004
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By Maninder K.S. Type of Ownership. The way in which a business is sun is known as an internal organization of a business. This can be a number of ways, including:-> A sole trader - a business owner by one person> A Partnership - a business having 2 or more owners who contribute money and expertise.> A Private limited company ( LTD) - A company whose shares cannot be traded openly on the stock exchange.> A Public limited company ( PLC) - A company in which shares are traded openly in the stock exchange.> A franchise & - A business using the name image and products of a larger successful organization. A factor that affects which type of ownership is chosen is limited liability If you have limited liability, this means that you will only loose the amount of money you have put in. For example, if you put...
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