KK 2 Business Types by Sue Kanidiadis

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tradespeople

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plumber

ran by 1 person

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2 to 50 stakeholders

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law firms

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No limit to stakeholders

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there are 1 to no maximum shareholder

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electritions

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A sole trader is owned by one person and that person is responsible for any debts from the business

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partners share the ownership and profits

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low start up costs

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accountants

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is an incorporated business

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public

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2-20 of owners

railway services

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owned by the government

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maintains control over who owns the company

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they share responsibility and workload

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Sole Trader

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a Sole trader is a business run by 1 person, one advantage of a sole trader is not having to share profits, and one disadvantage is sole financial responsibility

aim to address and improve a social or community cause

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owners right to keep all profits

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A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being.

limited liability for shareholder

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led by an economic, social, cultural

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led by an economic, social, cultural

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businesses guided by a social purpose

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Australian post

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Unincorporated

they can easily transfer of ownership

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Partnerships

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Partnerships are unincorporated and have 2-20 owners