Sole traders
Say a synonym of sole trader.
Sole proprietor
One person owns the business.
False. Two or more people.
How many types of limited companies are there?
Two
How many people own the business?
Only one person
The maximum number of partners is twelve.
Twenty.
Who are the shareholders?
Investors buying shares in the company and are its owners.
Advantages of sole traders.
All the profits/ full control
More owners provide more ....
Finance.
Can LTD be quoted on the Stock Exchange?
No.
Disadvantages.
Risks and losses.
There is only a kind of partners.
General and limited partners.
Which limited company can transfer its shares freely?
PLC
Limited or unlimited liability?
Unlimited
Partners who do not have active role in the partnership.
Limited partners.
What does "public" mean in a PLC?
Its shares can be quoted on the Stock Exchange and offered for sale to the general public.