Differences Between Forms of Ownership (Grade 11 NSC Matric Business Studies): Flashcards
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Simplest business form with one owner
Simplest business form with one owner
Sole proprietorship
Liability type in sole proprietorship
Liability type in sole proprietorship
Unlimited liability
Business owned by 2+ people sharing profits
Business owned by 2+ people sharing profits
Partnership
Partnership liability type
Partnership liability type
Joint liability
Private company business name ending
Private company business name ending
Pty Ltd
Private company liability type
Private company liability type
Limited liability
Min. directors for private company (Pty Ltd)
Min. directors for private company (Pty Ltd)
One
Public company business name ending
Public company business name ending
Ltd
Min. directors for public company (Ltd)
Min. directors for public company (Ltd)
Three
Public company (Ltd) share transferability
Public company (Ltd) share transferability
Freely transferable