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7 Cards in this Set
- Front
- Back
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Business Types |
Sole Trader - owner takes all profit - Unlimited liability - Business stops when owner is away Partnership - 2-50 people - partners bring different skills to the table - Conflicts likely - Unlimited liability PLC - £50,000 start-up capital - Limited liability - Listed on the stock market - Unlimited capital raising ability through selling shares LTD - Shareholders family or invited market - Not listed on the stock market - No need for start-up capital - Limited Liability - No need for start-up capital - Limited Liability |
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Incorporation |
Process of obtaining a legal identity that allows a business to benefit from limited liability |
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Dividends |
A share in the company's profits that are paid back to shareholders based on the number of shared each on has |
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Market Capitalisation |
Total value of issued shares in a public limited company |
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Takeover |
When one company gains control over another by acquiring more than 50% of its share capital |
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Privatisation |
The process by which the state sells businesses that it has previously owned and managed to private individuals and businesses |
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Mutual Businesses |
Businesses run for the benefit of their members whether they be employees, customers, or suppliers |
