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Business Organisations - Coggle Diagram
Business Organisations
PARTNERSHIP (2 - 20)
ADVANTAGES
More Finance
Share workload
Easy to set up
DISADVANTAGES
Unlimited Liability
Conflict
Slower decision making
Sole Trader
ADVANTAGES
Don't publish accounts
Make all decisions
Keep all profits
East to set up
DISADVANTAGES
Hard to raise finance
Suffer all losses
Unlimited Liability
Long hours
Private Limited Company (1 - 99)
ADVANTAGES
More Finance
Pay lower Tax
limited Liability
DISADVANTAGES
Hard to set up
Profits are shared
Must publish your accounts
