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Which type of ownership is appropriate for your business?
Member rating: No Rating | Words: | Submitted: Thu Jul 11 2002
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Jason Goodwill A friend with a business proposal has approached me to set up a new business providing accompanied coach tours and trips to Europe. The trips would be for people with similar interests. I will explore different ways in which the business could be run and what people and what people want from the business. I will prepare a report in response to the proposal, which will explain the organisation of the business, including the costs, expected revenue and sources of finance. The main information I need shall be obtained through market research in the form of a survey. A leaflet for potential clients will be produced and the usefulness of it to promote the business will be evaluated against other methods of doing so. The different types of ownership that the business could have are Sole-trader, Partnership, PLC or Private Ltd. Company. Becoming a partnership is good because...
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