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ownership types - Coggle Diagram
ownership types
private limited company
limited liability
tax ethnicity
retained profits
company pension
separate entity
paying tax
more responsibility
public account
expensive
time consuming
liability is limited
finance comes from this ownership type
soletrader
complete control
easy setup
less paperwork
greater privacy
simplified tax
difficult to manage
few tax planning
unlimited liability
barriers for finance
sale limitation
keeps all the profits
responsible for financial loss
franchise
faster expansion
lower capital costs
access to support
better performance
fewer risks
lack of independance
inflexibility
limited success
hidden cost
difficult to sell
franciser
franchisee
partnership
easy capital access
easier
shared responsibility
easier formation
fewer legal ideas
liability
potential disagreement
no independent
profit sharing
taxes