The shield
Which stucture has unlimited liability?
Sole trader/Franchise/Partnership
How many owners does a sole trader have?
What is ”one owner”
Who keeps all the profit in a single entity business?
The owner (the sole trader)
What is the legal ‘shield’ for companies?
What is “limited liability”
Who owns a public limited company?
Its shareholders (members of the general public who buys its shares)
What do you call the profit paid to shareholders ?
Dividends
This entity pays 0% tax for social workers
This entity is NGO’s (Non-Governmental organizations) and NPO’s (Non-Profit Organizations)
Which structure has 2-20 owners?
A partnership
What happens to an NPO’s surplus money
It is reinvented into the organization’s goals of the business