Please enable JavaScript.
Coggle requires JavaScript to display documents.
Types of Business Organisation. : (Private Limited Company LTD & DAC,…
Types of Business
Organisation. :
Sole Trader
Unlimited Liabilty: person and business are one legal entity :unamused:
Keep all the profits :smiley:
Your own boss :smiley:
Confidential;don't have to publish a/cs :smiley:
No continuity of existence :unamused:
Quick & easy to set up :smiley:
One person
Private Limited Company LTD & DAC
Limited Liability :smiley:
Easy to raise capital :smiley:
Shared workload :smiley:
Continuity of existence :smiley:
Lower rate of tax corporation tax :smiley:
More time consuming to set up, legal requirements
CONSTITUTION Memorandum & Articles of Association DAC are sent to the Companies Registrar who returns the Certificate of Incorporation & hold a meeting & start trading
1 -149 shareholders
Partnership :
Easy to set up :smiley:
Confidential don't have to publish a/cs :smiley:
Synergy, different skills as more partners :smiley:
Unlimited Liability :unamused:
2-20 Partners
accountants, solicitors, doctors
no continuity of existence
Public Limited Company
Cooperative
State Owned