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Business Marketing 1.1.1 > 1.5.4 forms of Businesses > Flashcards

1.5.4 forms of Businesses Flashcards

1
Q

what is a sole trader?

A

A sole trader is someone who is the only person within the business. This person has unlimited liability.

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2
Q

what is a partnership?

A

When a business is started up with more than one person. These also have unlimited liability.

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3
Q

What is a private limited company?

A

Limited companies have separate legal entities and its ran by the shareholders.

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Business Marketing 1.1.1 (16 decks)

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