different business forms Flashcards
1
Q
what are sole traders, advantage / disadvantage
A
people who own a business on their own
advantages - all profit to owner , no idea conflict , dont take any orders.
disadvantages - limited start up capital , cant take days off.
2
Q
what are plcs
A
public limited companies , allow acess to anyone to buy shares.
3
Q
what are LTDs
A
private limited companies , only close friends and family own shares
