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The Company that I am using as a base of research is the McDonalds Drive Thru branch at Newtownards Road, Belfast. The franchisee acquired this business in 1998 and this is the only branch that he currently owns. His name is Paul Connan. Types of Businesses 1(a) Sole Trader A sole trader is a business that has one owner. It can trade under the owner's name or under a business name. It is usually a family business. Many small businesses such as local shopkeepers, window cleaners and market traders operate as sole traders. Partnership A partnership must have at least two owners and can, in most cases, have up to a maximum of twenty. The partnership is often used as a form of organisation by professional people such as doctors, dentists and solicitors who find they can offer a wider service by operating together with colleagues who have different specialisms. Private Limited Company (Ltd) Private Limited Companies...

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