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15 cards from this deck
One individual owns & operates entire business
Simplicity, low cost, complete control, keeps all profits
Unlimited liability - personally responsible for all debts
Two or more people own and run business together
Legal doc outlining profit share, investment, decisions
All partners liable, even for debts created by one partner
Separate legal entity distinct from its owners
Shareholders only lose investment, not personal assets
Dividends - their share of company profits
Can raise substantial money by selling shares to public
£50,000
Business debts become personal debts of owner(s)
Private limited companies (Ltd) and public companies (plc)
Reinvested back into organisation to further its aims
Must reinvest at least 50% of surplus into enterprise
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