unit 1 why may companies change their business ownership Flashcards
1
Q
sole and partnership ownership
A
They may be happy the way they operate but may change to private to fund some Scale expansion
2
Q
private companies ownership
A
they may change to public in order to get more shareholders and fund expensive expansion
millions!
3
Q
established business
A
They may want to change if they are aiming to grow
4
Q
wealthy owners
A
They may want to start a business as private to protect their wealth
5
Q
start -up
A
people may begin with sole as it is cheap to start with
partnerships to get more skills and more capital to start business
6
Q
why may some people may not want to have a private limited company
A
it is too complicated and more complex than a sole trader or partnership business
