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15 cards from this deck
Legal structure
Finance, Size, Security, Privacy
Only lose investment; personal assets protected
Personally responsible for all business debts
Private limited company (Ltd) and PLC
Sole traders and partnerships
Sole trader
One person
Unlimited liability - personal assets at risk
Straightforward with minimal paperwork
Two or more people
Different expertise and skills combined
Business automatically ends
Separate legal entity from owners (shareholders)
People who own shares (parts) of a limited company
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