Sole Trader - The most common form of business ownership., Unlimited liability - The owners personal can be taken to pay off the debts of the business., Partnership - Formed in order to overcome of being a sole trader., Shares - The ownership of companies is divided into small units., Shareholders - The ownership of share in the business., Private limited company - Business only sells the shares to family and friends., Public limited company - The company can raise very large sums from public issues of shares., Memorandum of Association - States the name of the company, the address and the maximum shares capital. , Articles of Association - The document covers the internal workings and control of the business., Cooperatives - A very common form of business especially in agriculture and retailing.,

G 11 Business Structure

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