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Business Structure, Owned by shareholders/private individuals, Make money…
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- Owned by shareholders/private individuals
- Make money for the shareholders
- To make a profit
- Gain a high market share
- Owned and run by Government
- Creates employment opportunities
- Provides a service for the public
- To accelerate economic growth of the country
- A business owned and run by one individual
- You have no one to report to; you're your own boss
- You have total control
- You get all the profit
- Harder to gain finance
- Can end up paying more tax than a company
- As the only worker, you don't get flexibility with days off
- Similar to a sole traders but with more than one owner
- Most successful businesses started out as a partnership e.g. McDonalds, Ben&Jerry's
- Can spread the workload among yourselves
- Increased earnings potential
- Can have a bit more flexibility with days off
- Profits split can result in disagreements
- May not always see eye to eye with partner
- Separate legal entity to it's owner which can be advantageous
- Protects personal assets in the event of debts
- Possibly pay less tax than other business structures
- Some information must be made pubic
- Decision making can be slower as owners need to negotiate and agree
- Similar to Ltd but shares can also be bought by the public
- Same benefits as an Ltd
- Can also raise finance by selling shares to the public
- There are much stricter regulations for a PLC than an LTD
- Harder to control who becomes a shareholder
- Less control over the business
- A business that exists not to make a profit but to raise money for a cause
- Raise money for a cause
- Their workers are unpaid volunteers
- Usually have a primary issue they focus on
- Provide a service they are passionate about
- A business that is partially owned by its
members/workers
- To differ from the standard profiteering structure of most businesses, instead ensuring ground floor workers have similar rights to the higher ups
- To provide a service from workers who are all working towards the same goal
- The Co-op Group
- John Lewis Partnership plc
- Metropolitan Museum of Art
- UNICEF
- Mozilla
- Hairdressers
- Butchers
- Photographers
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- Barclays Bank PLC
- Pizza express PLC
- Next PLC
- Iceland Foods Ltd
- Wilko Ltd
- Specsavers Optical Group Ltd