appropriateness of different kinds of ownerships

Question 1

what factors affect kinds of ownership

Answer 1

growth, independence and control, size, need for finance, limited liability

Question 2

how does need for finance affect kinds of ownership

Answer 2

if a business wants to raise more finance they change to legal status for persuasion of financiers

Question 3

how does independence and control affect kinds of ownership

Answer 3

if the owners wants to be independent and take all profit sole trader is most suitable

Question 4

how does size affect kinds of ownership

Answer 4

small businesses are sole traders, medium-sized are LTDs and large businesses are PLCs

Question 5

how does growth affect kinds of ownership

Answer 5

if a business wants to grwo significantly, PLCs is most appropriate

Question 6

what factors affect the appropriatness of different kinds of ownerships

Answer 6

the type of business, plans to use profits, stakeholders