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Definition: A person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses.

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Definition:A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests

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Definition:A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests

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Michael

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Advantages: They are in control. They get all their profits. 

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Advantages: They are in control. They get all their profits. 

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Definition: people work with other people to open a company.

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Allied Irish Bank (thousand of shareholders.

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You must decided on all the
decisions

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More Money $$$$$

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Disadvantage:They are subjected to unlimited liability.

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Disadvantage:They are subjected to unlimited liability.

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Advantages: Do not have to pay income tax

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Advantages: Do not have to pay income tax

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definition:a company registered under the Companies Act (1980), with statutory minimum capital requirements and shares offered to the public subject to conditions of limited liability.

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definition:a company registered under the Companies Act (1980), with statutory minimum capital requirements and shares offered to the public subject to conditions of limited liability.

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A co-operative is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise"

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definition: private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.

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definition: private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.

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Disadvantage:it can be hard to take holidays

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Disadvantage:it can be hard to take holidays

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example:  Pottery Barn & Sherwin-Williams .

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The greatest benefit of private limited companies is limited liability. Private limited companies, according to Apex, are treated as a single entity, making the company responsible for all debts. If anything happens to the company, its members are not personally affected; members are only liable for unpaid shares.

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The greatest benefit of private limited companies is limited liability. Private limited companies, according to Apex, are treated as a single entity, making the company responsible for all debts. If anything happens to the company, its members are not personally affected; members are only liable for unpaid shares.

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Definition: An association of two or more people as partners.

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is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.

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advantages: Easy to set up no legal formalities 

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advantages: Easy to set up no legal formalities 

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Example: Foley & Associates Solicitors

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disadvantage: Long hours often necessary to make business pay 

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disadvantage: Long hours often necessary to make business pay 

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laya health care: Laya Healthcare is a health insurance company in Ireland. Its headquarters are in Little Island, County Cork. It is regulated by the Health Insurance Authority.

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Example: Lee Strand Co-operative Ltd

Advantage:  A cooperative organization is owned and controlled by members.

Disadvantage:  It has less incentive, and there’s also a possibility of development of conflict between members.

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advantages: partners can combine expertise 

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advantages: partners can combine expertise 

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disadvantage: more people to share in the profits 

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disadvantage: more people to share in the profits 

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Have full control of their business. Running it how they want without the interference of others.

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Example: South Kerry Development Partnership

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Example: South Kerry Development Partnership

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Disadvantage:he liability of the partners for the debts of the business is unlimited. 

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Disadvantage:he liability of the partners for the debts of the business is unlimited. 

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Example: Credit  Union

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jazz Pharmaceutical: Jazz Pharmaceuticals PLC is an Ireland-based bio pharmaceutical company which specializes of identifying, developing and commercializing pharmaceutical products. It was founded in 2003.

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Advantage: Public liability

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Disadvantages: Lack of Secrecy

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Partners share the decision making and can help each other out when they need to.

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Example: Societas Europaea

Company

Definition: The European Company (also known by its Latin name Societas Europaea or SE) is a type of public limited-liability company regulated under EU law

Advantages: An Introduction To Societas Europaea Companies. A “Societas Europaea” (an “SE”) is a type of European public limited company (PLC) (limited by shares) having all of the company law advantages of incorporation.

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Example: Ballyseedy woods

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Information about a sole trader is kept private unlike that of limited companies where information is made public

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continuity of existence

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Example: VHI Healthcare.

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Maryrose White

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Disadvantages of buying a franchise. Buying a franchise means entering into a formal agreement with your franchisor. Franchise agreements dictate how you run the business, so there may be little room for creativity

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Sole Trader often find it hard to raise money to fund their business.

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the liability of the partners for the debts of the business is unlimited.

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you have unlimited liability for debts as there's no legal distinction between private and business assets.

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advantages: gives healthcare insurance for adults also they have for children.

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Definition: Voluntary group that buys services in bulk on behalf of it's members, to offer them sale at lower prices 

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Definition: Voluntary group that buys services in bulk on behalf of it's members, to offer them sale at lower prices 

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Better access to capital – i.e. raising share capital from existing and new investors.

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definition: an agreement or bargain whereby the owner of a trademark, Brand name or copyright grands to licence to use in selling good and services 

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definition: an agreement or bargain whereby the owner of a trademark, Brand name or copyright grands to licence to use in selling good and services 

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Example: Mc Donalds

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Lack of Secrecy: A cooperative society has to submit its annual reports and accounts with the Registrar of Cooperative Societies. ...

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A double partnership has a richer source of money than a solo partnership

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Established product or service

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Restrictions on creativity

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You have to pay self-employment tax.

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Coffee shop

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The value is shown by the market capitalization.