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Ownership Types - Coggle Diagram
Ownership Types
Sole Trader
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- the owner or the businesses own revenue
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- unlimited liability, hard to raise funds
- keep all profits, make all decisions
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- raise money to expand business
Private Limited Company
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- The owner or shareholders
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- lose profits to shareholders
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- owner doesn't pay all debts, can raise money with shares
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Franchise
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- the franchiser and franchisee
- the franchiser and franchisee
- dont keep all the profits
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- comes with the name and kit
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- to grow the range of the franchise e.g locations
Partnership
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- the partners or money made from business
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