Coursework.Info - Inspiration in an Instant

On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:

To: Alf Filer From: Nana Okine Date: 29/09/03 Title: Business Report on New Look Terms of Reference: Types of Ownership E1 1A Background information on Business and their ownership Business can be classified in different ways; these are sole trader, partnership, private limited company public limited company, and co- operative, not for profit or a charity and franchise. Sole Trader A Sole Trader is the easiest business to start. It is also called one-person business because one person owns it. They are mostly small businesses because the owner has to provide the capital from savings, family, friends and etc. By being a sole trader decisions are made by the owner only. Advantages: Sole Trader has the following advantages that are freedom that is being your own boss. The owners do not have to share profit. It is easier to set up the business because you don't need to register the company before operating the business. This helps the owner to have...

To see the full version of this document, and 144,847 others