I will describe them and go into detail’s the one that is most suitable for my business.
A soletrader or simply a proprietorship is a type of business entity that is...
one person contributes money.
Although, a PrivateLimitedCompany has many advantagesover a soletrader, there are also a few disadvantages. One of this is that profits can be diluted because they must be evenly distributed among all shareholders. However, in a sole proprietorship all profits would...
medium sized business trade as privatelimitedcompanies. This is also the path often followed by soletraders and
partnerships when they wish to expand their operations but still
retain control of the business.
Advantages of a PrivateLimitedCompany (Ltd)
· The sales of shares can...
distribution of profits can cause problems. The deed of partnership sets out who should get what, but if one partner feels another is not doing enough, there can be dissatisfaction.
4. A partnership, like a soletrader, has unlimited liability.
Another ownership would be Privatelimitedcompany. A...
assets cannot be touched.
As a privatelimitedcompany, you have an advantageover a personal proprietorship in that it has greater resources or access to capital investment. A privatelimitedcompany has access to finances through selling shares, which a sole proprietorship does not...
. Running it how they please without the interference/meddling of others.
. Soletraders recollect all the profits of their business.
The Information is about soletraders that are kept private, unlike that of limitedcompanies which is necessarily made public after registration with Companies...
There are many different advantages and disadvantages of different types of business ownership, such as being a soletrader, in a partnership, franchises and limitedcompanies.
The advantages of being a soletrader are as follows;
They are easy to set up – There are very few...
partnership, the owners of a limitedcompany are not necessarily involved in running the business. Also like a soletrader and a partnership there comes advantages and disadvantages. An advantage is that there is Limited Liability; also more capital can be raised as the maximum number of...
Business aims and objectives
GCSE Business Studies
Main types of business organisation
Soletrader Partnership PrivateLimitedCompany (“Ltd”) Public LimitedCompany (“plc”) Co-operatives Franchises Public sector
GCSE Business Studies
Measuring size of a business...
how profits and losses will be shared. Doctors, dentists and solicitors are typical examples of professionals who may go into partnership together.
The Advantages of Partnership
1.The main advantage of a partnership over a soletrader is shared responsibility. This allows for specialisation...
and legal personality
There is no distinction between business money and personal money for anyone self employed as all business debts are the personal responsibility of the soletrader. The privatelimitedcompanyadvantages are that the company is a separate corporate body and liability for...
organizations, each having its own benefits and drawbacks. These are:
• Public limitedcompany
In relation to which legal entity my business will take, firstly a public limitedcompany will not be suitable as I will be panning...
There are different types of Private Ownerships:
There have two types of limitedcompany:
(Privatelimitedcompany is also call ‘Ltd’)
- Public limitedcompany
(2009). Public and PrivateLimitedCompanies [Internet]. Available from: <http://www.bbc.co.uk/schools/gcsebitesize/business/aims/limitedcompaniesrev2.shtml>[Last accessed 14 December 2009].
(2009). soletrader [Internet]. Available from: <tutor2u.net/business/gcse...
limited by the amount of capital personally available.
A partnership is when 2--20 people will run and control a business. They will share the responsibility and the profits of the business. The advantages of partnerships are a partnership over a soletrader is shared responsibility...
accounts. Another disadvantage is that it is an unlimited liability which means there is the risk of the soletrader to lose his personal assets.
This picture shows the range in which the customers may live.
Public LimitedCompany- also called Corporations, are...
* Shares can only be sold privately;
* If possible expansion, it is not very flexible;
* Has more legal formalities than soletraders;
A public LimitedCompany is one which is a separate legal existence from its shareholders who enjoy the...
the business could be
forced to shut and the income and profits would stop.
There are tax advantages such as, national insurance contributions;
this saves a soletrader hundreds of pound on profits, and this saves
them setting up a limitedcompany and having to become an employee of
Term Paper Warehouse (2008). “Advantages and Disadvantages of Public Limited”. [online]. Available from: http://www.termpaperwarehouse.com/essays/advantages-disadvantages-public-limited/25276.html.
The Company Warehouse. “PrivateLimitedCompany”. [online]. Available from: http://www.thecompanywarehouse.co.uk/glossary/private-limited-company.asp...
Warburton’s and New look retailers. The sizes of lTd are normally regional and the scale is quite large.
* Limitedcompanies can be easier to sell than SoleTraders and Partnership.
* If a limitedcompany falls there is less risk to personal asset
* Easy and Inexpensive to setup as...