9. Advantage and disadvantages of forms of business ownderships Flashcards
1
Q
Sole trader
Partnership
A
+ low start up costs
+All profits to owner
-unlimited liability
-raising capital is difficult
2
Q
LTD
PLC
A
+Raising capital
+Limited liability
-Lack of privacy
-Set up costs
3
Q
Social enterprise
A
+Profit for change
+Donations for change
-Dependancy on funds
-Greater risk
4
Q
Charities within the voluntary sector (Marie curie)
A
+More affordable
+Wider range of products
-Dependancy on funds
-Greater risk