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PRIVATE BUSINESS UNITS (LIMITED COMPANIES (A limited companies is a…
PRIVATE BUSINESS UNITS
LIMITED COMPANIES
A limited companies is a business enterprise that has a separate legal existence. It is a legal entity distinct from its members and its capital is divided into shares.
There are two types of limited companies: private and pablic companies.
SOLE TARDES
A sole traders is a person who owns and runs a business for himself.
The characteristcs of a sole trader business are:
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PARTNERSHIPS
A partnership is a business awned by two or more people the partners.There are advantages and disadvantages of a partnership.There are two types of partnerships: ORDINARY PARTNERSHIP and LIMITED PARTNERSHIP
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