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ownership types - Coggle Diagram
ownership types
soletrader (advantages)
complete control
less paperwork
easy set up
simplifide tax
greater privacy
private limited company (advantages)
company pension
limited liability
tax ethnicity
franchise (advantages)
lower capital cost
fewer risks
faster expansions
partnership (advantages)
easy capital acsess
shared responsisabilty
fewer legal issues
partnerships (disadvantages)
potential dissagreement
profit sharing
liabilities
soletrader (disadvantages)
no backup
no support
unlimited liability
private limited company (disadvantages)
time consuming
expensive
paying tax