GCSE Business Studies 1.4 by Toby Hunter https://padlet.com/LegendarySpork9/BusinessStudies14Ownerships Made with respect en-us 2018-04-19 12:03:31 UTC 2018-04-26 10:50:18 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png Sole Trader LegendarySpork9 https://padlet.com/LegendarySpork9/BusinessStudies14Ownerships/wish/253373892 This is where a business is ran and owned by one person.

Advantage:
The owner can do whatever they please with the business.

Disadvantage:
There would be no other opinion to compare with.]]> 2018-04-19 12:07:47 UTC https://padlet.com/LegendarySpork9/BusinessStudies14Ownerships/wish/253373892 Partnership LegendarySpork9 https://padlet.com/LegendarySpork9/BusinessStudies14Ownerships/wish/253375034 A partnership is a group of people (2 or more) trading together as more then one entity.

Advantage:
More funds for the business.

Disadvantage:
In order to make a decision the majority have to agree.]]> 2018-04-19 12:11:43 UTC https://padlet.com/LegendarySpork9/BusinessStudies14Ownerships/wish/253375034 Private Limited Company LegendarySpork9 https://padlet.com/LegendarySpork9/BusinessStudies14Ownerships/wish/253376545 LTD

A small to medium sized business that usually is owned by its founders.

Advantage:
The founders can do as they please.

Disadvantage:
The business has less funds]]> 2018-04-19 12:16:25 UTC https://padlet.com/LegendarySpork9/BusinessStudies14Ownerships/wish/253376545 Public Limited Company LegendarySpork9 https://padlet.com/LegendarySpork9/BusinessStudies14Ownerships/wish/253377683 PLC

An organisation that is owned by shareholders.

Advantages:
The business is less likely to fail.

Disadvantage:
The business has less profit.]]> 2018-04-19 12:20:12 UTC https://padlet.com/LegendarySpork9/BusinessStudies14Ownerships/wish/253377683