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15 cards from this deck
Sole trader, partnership, private & public limited companies
One person who owns business, keeps all profits, liable for all debts
Unlimited liability - owner liable for all debts
2-20 individuals
Unlimited liability - owners liable for all debts
Limited liability and sells shares privately
More expensive & time consuming than sole trader/partnership
Publicly offers shares via stock exchange
Greater public scrutiny, accounts available to competitors
Owners don't use own savings to pay company debts
Owners must pay back all business debts personally
Start-ups needing small finance & limited skills
Start-ups/established needing larger finance & more skills
Start-ups/established wanting growth & larger finance
Established businesses needing very large finance
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