Ownership Refresh.

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Presentation transcript:

Ownership Refresh

Contents Types Key facts Liability Advantages/disadvantages Co-operatives and franchises Choosing Likely questions

Types Sole trader Partnership Private limited company Public limited company

Key Facts Sole – Partner – Ltd – PLC – So add some!!

Liability What is unlimited liability ? How get limited status? Other facts

Advantages and Disadvantages Sole Partner Ltd PLC

Co-operatives and Franchises Explain them Why are there many franchises? What is a ‘royalty’?

Choosing How do firms choose?

Likely Questions Why Franchise? Advantages and risks of method chosen Benefits of limited? Should they change status