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Ownership - Coggle Diagram
Ownership
Sole Trader
advantages
choose own holidays
choose own hours
Keep all profit
disadvantages
no pay on holiday
no pay if ill
unlimited liability
characteristics
hard working
lots of control
determined
partnership
advantages
split capital
more variety of work
Split decisions
disadvantages
arguments
unlimited liability
split profit
characteristics
leader
sharing
teamworker
LTD
advantages
continuity
ability to raise finance
control
disadvantages
public accounts
restricted share sells
dividend
characteristics
orientation
flexibility
collaberative
PLC
advantages
more publicity
more credibility
limited liability
disadvantages
lack of control
expensive
more media focus
characteristics
collective
commitment
orientation