3A Types of business structures Flashcards
1
Q
What is a sole trader?
A
a business structure that is owned and operated by one individual.
2
Q
What is a partnership?
A
a business structure that is owned by 2-20 people
3
Q
What is a private limited company?
A
An incorporated business structure that has at leas one director and a max of 50 shareholders.
4
Q
What is a public listed company?
A
An incorporated business structure that is managed by directors and has an unlimited number of shareholders.
