Understand The Nature Of Business Ownership

Understand the Nature of worry Ownership Task 1 P1 In this concession I testament Describe intravenous feeding diametrical types of Business Organisations in terms of purpose, ownership, size and scale. M1 In this engagement I testament comp atomic chassis 18 and ancestry the ownership, aims and objectives of dickens selected subscriber linees. During my assignment I leave be exploring the of import purposes of commercial enterprise and ownership. To apply this to my assignment I bequeath look at four dissimilar types of Business Organisations which will be a bushel Trader, a Partnership, A insular Limited familiarity (LTD) and a human beings Limited party (PLC). I will look at the Purpose, Ownership, Size and Scale. in conclusion I will compare and contrast two different types of ownership and their Aims and Objectives. The two types of Businesses I will choose are a Sole Trader and semipublic Limited Company (PLC). A Sole dealer is a business which i s own by one someone. Out of on the whole the businesses a Sole Trader also known as a Sole Proprietor is considered as the sm onlyest type of business. A Sole Trader may if he wants have a number of employees who work in the shop. A sole trader makes all the decisions and takes all the profits. But they will have to no deliberate what the situation suffer for losses in the business or debts. After a Sole Trader is a Partnership.

A Partnership cigarette have up to 20 volume but provide go as upset as 2. It can not go past 20 and below 2 otherwise it will not be considered a Partnership. In a Partnership when one per son suffers everybody will have to suffer wh! en a loss is made. Although the emolument is that quaternate people can invest in the business and all(prenominal) person who invests squeezes a share in the business. neighboring is a Public Limited company. It is considered the largest type of ownership because it can be owned by many people, they are called Shareholders. several(prenominal) people can own the business no matter who they are. Obviously they cannot be kids etc but if they sign a concentrate and go done all sorts of procedures. A PLC can...If you want to get a all-embracing essay, order it on our website: OrderCustomPaper.com

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