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Business Ownership.
Member rating: No Rating | Words: | Submitted: Mon Mar 29 2004
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Business Ownership Ownership of my two companies Tate & Lyle is a sugar company and its ownership is Public Limited Company (Plc) Royal Mail is a company that post or sends letters to all over the world. And its ownership is State Owned, and also a Franchise. Tate & Lyle is an incorporated business. Royal Mail is an unincorporated business. Franchises Instead of starting an entirely new business, some people prefer to trade under the name of a well-known company and sell its products. Some companies sell the right to do this, usually granting the right for an exclusive area or a specific location. The person or business buying this right, or franchise, is known as a franchisee. Sole traders who put their money into setting up the business often run franchises. In addition to the original purchase price of the franchise an annual fee is required. This is often calculated...
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