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Types of businesses. - Coggle Diagram
Types of businesses.
Private limited company.
: :
LTD/ DAC
1-149 shareholders
annual general meeting.
must be registered with CRO
limited liability. :smiley:
profits are shared :
Public limited company
:silhouettes:
no restriction on number of shareholders
PLC after name.
enhanced company image and publicity
access to new finance
shares are listed on public stock exchange
E.G. burger king, KFC, londis
set up an existing business in another location
business formula is tried and tested so you know it will be successful
instant recognition
no competition
Sole trader
:silhouette:
Owned and ran by 1 induvidual.
Unlimited liability:
owners personal assets may be seized to pay off debts
Own boss and keeps profits. :smiley:
Closes on death of owner.
Franchising
Co-operatives
State sponsored bodies.
owned by min of 7 members
financial, worker, consumer, producer.
