UNIT 1: Different types businesses

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Advantages & disadvantages of factors which inform a business

AdvantagesGetting Started

  • Soletrader-low start up costs, keep all profits, owner has full control, easy to set up & owner is the boss.
  • Partenership- easier to set up than a company, shared workload, shared responsibilty & more sources of finance from investors.
  • LTD- limited liability, finacial information is private & shared responisility.
  • PLC- limited liability, high profile businesses & large amount of capital can be raised.
  • State/government owned-

Disadvantages

Evaluation

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