Business Planning Flashcards
1
Q
What are the different types of Business’?(5)
A
Partnerships - two people share responsibility
Limited companies - either limited by shares or guarantee (shares has shareholders and guarantee is not for profit with guarantors)
LLP - 2 or more members who pay tax on their share of the profits
PLC - shares offered to the public
Sole practitioner - one member who pays personal income tax on profits earned
2
Q
What is a SWOT analysis?
A
A SWOT analysis is a planning tool which seeks to identify the Strengths, Weaknesses, Opportunities and Threats involved in a project or organisation.
