legal structures Flashcards
1
Q
business partnership
A
formal arrangements for co-owners of a business or separate businesses with the shared goal of advancing their business
2
Q
sole trader
A
an individual trading under a business name
3
Q
limited company
A
owned by shareholders and managed by directors
4
Q
private limited company
A
shareholders are invited / chosen
5
Q
public limited company
A
public can own shares
6
Q
charity
A
not for profit organisation
