Contribution of Each Form of Ownership to Success/Failure (Grade 12 NSC Matric Business Studies): Flashcards
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5 criteria affecting ownership success/failure
5 criteria affecting ownership success/failure
Taxation, management, capital, profit division, legislation
Unlimited liability meaning
Unlimited liability meaning
Owner personally liable for all business debts
Partnership definition
Partnership definition
Two+ people join to run business, share profits & losses
Close corporation name suffix
Close corporation name suffix
CC
Close corporation member limits
Close corporation member limits
Minimum 1, maximum 10 members
Private company name suffix
Private company name suffix
(Pty) Ltd
Double taxation definition
Double taxation definition
Company pays tax on profit, shareholders pay tax on dividends
Public company name suffix
Public company name suffix
Ltd
Non-profit company main aim
Non-profit company main aim
Provide service, not make profit
Co-operative voting principle
Co-operative voting principle
One member, one vote (democratic decision-making)