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business ownerships - Coggle Diagram
business ownerships
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partnerships
disadvantages
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if partners join or leave, you will probably have to value all the partnership assets and this can be costly.
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examples include law firms,accounting firms and real estate investment firms
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PLC'S
disadvantages
it is expensive to set up, requiring a minimum set up cost of £50,000.
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there is a greater risk of a hostile takeover by a rival company as the company cannot control who buys its shares.
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