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A level business - Coggle Diagram
A level business
sole trader
great flexibility, easy to set-up, low start up fees, no sharing profits, make all the decisions
difficult to raise finance, unlimited liability,
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partnership
business that has between 2 and 20 owners, they decide to set up and run a business between them.
easy to setup, shared decisions, shared responsibility, more skills, more capital to invest
long hours, profits shared, conflict, unlimited liability,
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LTD
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limited liability, opportunity to be their own boss, shares sold to raise fincance
pay shareholders dividends, more vunerable to takeover
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PLC
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raise finance through share capital, shareholders have limited liability,
expensive to set-up, greater risk of takeover, pay shareholders dividends, shareholders may clash
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public sector
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flexible hours, job security, staff training
increase government debt, less revenue, less investment
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