Advantages an disadvantages

• Advantages of a partnership

  • new ideas
  • share workload
  • more investment
• Disadvantages of partnership

  • unlimited liability
  • profit shared
  • more disagreements
  • legally responsible for other partners
• Advantages of private limited company (LTD)

  • limited liability
  • Easier to get a loan
  • owners have control over business but everyone must agree to sell
• Disadvantages of private limited company (LTD)

  • more expensive to set up
  • longer to set up
• Advantages of public limited company (PLC)

  • easier to raise money
  • limited liability
  • best option when it comes to expansion
• Disadvantages of public limited company (PLC)

  • published accounts
  • hard to get lots of shareholders to agree
  • the more shareholders you have, the mor profit they want