Business studies

    Cards (22)

    • Sole Trader
      An individual who owns, manages, and controls their own business
    • Partnership
      Two or more people running a business together with equal rights and responsibilities
    • Private Limited Company (Ltd)

      A type of legal structure where ownership is divided among shareholders, who have limited liability and can sell their shares on the stock market if desired
    • Partnership
      Businesses owned by two or more individuals who share responsibility for running the business
    • Limited Company

      A company with shareholders who invest capital into the company and receive dividends based on the number of shares they hold
    • Limited Company

      Shareholders have limited liability, meaning they are only liable up to the amount invested in the company
    • Shareholders can sell shares at any time, but this may affect the value of other shares held by existing shareholders
    • Limited companies must follow strict legal requirements such as filing accounts annually and holding annual general meetings (AGMs)
    • Public Limited Company (PLC)

      A type of legal structure that allows businesses to raise large amounts of capital by selling shares to investors, but requires them to meet strict requirements regarding profitability and transparency
    • Sole Trader
      An unincorporated business owned and operated by one person, offering complete control and flexibility but also exposing the owner to personal risk and responsibility
    • Private limited companies can raise capital by selling shares to investors, but this may dilute control if too many shares are sold
    • Sole Trader
      An individual who owns, manages, and controls their own business
    • Partnership
      Two or more people running a business together with equal rights and responsibilities
    • Private Limited Company (Ltd)

      A type of legal structure where ownership is divided among shareholders, who have limited liability and can sell their shares on the stock market if desired
    • Partnership
      Businesses owned by two or more individuals who share responsibility for running the business
    • Limited Company

      A company with shareholders who invest capital into the company and receive dividends based on the number of shares they hold
    • Limited Company

      Shareholders have limited liability, meaning they are only liable up to the amount invested in the company
    • Shareholders can sell shares at any time, but this may affect the value of other shares held by existing shareholders
    • Limited companies must follow strict legal requirements such as filing accounts annually and holding annual general meetings (AGMs)
    • Public Limited Company (PLC)

      A type of legal structure that allows businesses to raise large amounts of capital by selling shares to investors, but requires them to meet strict requirements regarding profitability and transparency
    • Sole Trader
      An unincorporated business owned and operated by one person, offering complete control and flexibility but also exposing the owner to personal risk and responsibility
    • Private limited companies can raise capital by selling shares to investors, but this may dilute control if too many shares are sold
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