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types of ownership - Coggle Diagram
types of ownership
sole traders
advantages
all profits
disadvantages
unlimitlabity
have to do all the work
deffiation
a bussiness if one person
partnerships
what is it
a buissness with 2-20 people
disadvanteages
split money
unlimitited liablaty
avantages
can split the work
can get more ideas
plc
disadvantages
can not share that much shares
alot of legal isssues that cost alot
advantages
more money than a partnerships
limited liabillaty
what is it
a bussines that can not sell shares on the stock market
ltd
advantages
limited labillaty
separate legal entity
disadvantages
one shit manager can ruin everything
lot of legal, costley issuses
what is it
a business owned by share holder and the manager
franchises
franchee
advantages
take a bigger companies name
does non of the work setting up
disadvantages
have to pay a lience fee
pay royalites
frachsor
advantages
more money
more business in more locations
disadvantages
dosn't how how they are running it
what is it
a business that asked for the name of another bigger business
public sector ownership
public corporations
finance goverment
use of profits back into the business
control the person that runs it
ownership goverment