different types of companies 0.0 / 5 ? Businesscompanies A2/A-levelAQA Created by: cara123461Created on: 23-05-21 00:57 5 different types of business sole traders, PLC, LTD, non profit organisations 1 of 10 advantages of being a sole trader based on interest, easy to set up and run, greater owner control, all profits kept, flexible working hours 2 of 10 disadvantages of being a sole trader unlimited liability, difficulty raising capital, impact of illness, skill shortages 3 of 10 advantages of an LTD limited liability, money raised selling shares to family/friends, no minimum investment needed before trading, accounts private 4 of 10 disadvantages of an LTD cant sell shares on stock exchange, transfer of shares must be agreed by directors, annual repots 5 of 10 advantages of PLC publicity, attracts shares, limited liability, can sell shares on stock exchange 6 of 10 disadvantages of a PLC decisions made by a lot of people could cause conflict, more risk of takeover, accounts public 7 of 10 how are profits shared to shareholders dividends 8 of 10 internal sources of finance retained profit, assets, trade credit 9 of 10 external sources of finance bank loan, overdraft, factoring 10 of 10
Business 2.3.1 - Calculating Gross, Operating and Net profit + Statement of comprehensive income 4.0 / 5 based on 1 rating
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