Capital  - Money raised to start or develop a business, Deed of partnership - A document setting out the operations of the partnership, including amount of capital to be invested and how profits will be shared, Dividend - The money paid to a shareholder from the profits of a limited company. This is the reward for the shareholder taking a risk by investing money in the company, Limited liability - Where the responsibility for the debts of a business is limited to the amount invested by a shareholder. A feature of private and public limited companies, Limited liability partnerships - Part partnership, part limited company. Owners are members, not partners. They have limited liability and have to make their finances available to the public, Partnership  - A business owned by between two and twenty partners, Private limited company - A smaller business owned by at least two shareholders. Shares cannot be sold to the general public. Has Ltd after its name, Profit  - The difference between revenue and costs, Public limited company - A large business where shares can be sold to the general public enabling vast sums of money to be raised to develop the company. Has plc after its name, Sole trader - A business owned by one person, Unlimited liability - Where the responsibility for all the debts of a business rests with the owners of the business. A feature of sole traders and partnerships,

1.3 Business Ownership

by
Print
Embed

Leaderboard

Visual style

Options

Switch template

Continue editing: ?