Unit 1 0.0 / 5 ? BusinessUnderstanding different business formsA2/A-levelAQA Created by: Alex_stevensCreated on: 30-05-17 14:56 Unincorporated Business No distinction in law between the individual owner and the business itself. 1 of 13 Incorporated Business Has a legal identity that is separate from the individual owners. So can own assets, owe money and enter into contracts in their own right. 2 of 13 Unlimited Liability Owners of the business are liable for all debts that the business may incur. 3 of 13 Limited Liability The liability of the owners of a business is limited to the fully paid-up value of the share capital. 4 of 13 Sole Trader A business owned by one person. 5 of 13 Private Limited Company A small to medium sized business that is usually run by the family or small group of individuals who own it. 6 of 13 Public Limited Company Has limited liability, shareholders and a share capital of over £50,000. 7 of 13 Ordinary Share Capital Money given to a company by shareholders in return for a share certificate that gives them part ownership of the company. 8 of 13 Dividend A payment made to a shareholder by a company out of its profits earned. 9 of 13 Market Capitalisation The value of outstanding shares in a PLC. 10 of 13 Market Capitalisation Total outstanding shares x current market price of an individual share. 11 of 13 Shareholder Owner of a limited company 12 of 13 Share Price The price of a single share in a company, often determined by the supply and demand for shares. 13 of 13
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