Ownership Options (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
How many main ownership structures are available to new businesses in Ireland?
How many main ownership structures are available to new businesses in Ireland?
Four
Which ownership structure is the simplest form of business ownership?
Which ownership structure is the simplest form of business ownership?
Sole trader
What is unlimited liability for a sole trader?
What is unlimited liability for a sole trader?
Personal assets could be at risk
How many people can form a partnership (excluding law and accountancy firms)?
How many people can form a partnership (excluding law and accountancy firms)?
Two to twenty people
What is a key advantage of a partnership over a sole trader?
What is a key advantage of a partnership over a sole trader?
Shared responsibility & expertise
How many shareholders can a private limited company have?
How many shareholders can a private limited company have?
One to 149
What is the corporation tax rate for private limited companies in Ireland?
What is the corporation tax rate for private limited companies in Ireland?
12.5%
What does limited liability protect in a private limited company?
What does limited liability protect in a private limited company?
Personal assets of shareholders
How many votes does each co-operative member have regardless of financial contribution?
How many votes does each co-operative member have regardless of financial contribution?
One vote
What is the minimum number of members required to form a co-operative?
What is the minimum number of members required to form a co-operative?
Seven members