BUSINESS OWNERSHIP

Business ownership
in the private sector
1) Sole traders ; for example shops, restaurants, etc.business activitiy owned financed and controlled by private individuals because of tis sector some advantec and disadvantec which are unlimited liability, limited acces to capital, potential for long hours, lack of continuity . advantec are easyto set up, personel incentive, flexibility, high degre of control
2)Partnershipowned, financed and controlled by two or m0re peopleadvanteges are greater access to capital, easy to set up, shared responsibilitydisadvanteges are unlimited liability,deciosions of one partner binding on the rest, parnership dissolved on death of one partner
3) Limited companiesprivate limited companies (Ltd) owned by 2 and 50 shareholderspublic limited companies(Plc) owned by minimum of two limited companies have issues which are diarce between oenership and control, must publish accounts, PLCs shareholders maybe large institutions, PLCs can be large, complex and posses.
4) Co-operativesownership finance and control in hands of members, exists for the benefit members
5) Franchises ; for example are body shop, Mcdonals, BurgerKingMethod of business ownership backed by established. owner gets to run a business with less " riskS.become very popular. speed way for business to expand
6) Charities