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advantages and disadvantages of different business structures.
Title: advantages and disadvantages of different business structures.
Category: Literature / English
Details: Words: 1859 | Pages: 7.9 (approximately 235 words/page)
advantages and disadvantages of different business structures.
Introduction
There are many types of organisational structure a business may decide to adopt. This assignment will examine the four main different business structures and present the advantages and disadvantages of each one. The business structures that I will be examining are as follows:
The Sole Trader
The partnership
The Private Limited Company (LTD)
The Public Limited Company (PLC)
Sole trader
A sole trader is an organisation, which is owned by one person. The assets …showed first 75 words of 1859 total…
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…showed last 75 words of 1859 total…thousand pounds. Can not exercise its borrowing powers or enter business transactions until the registrar has granted it a section 117 certificate. High degree of legislation, rule and formalities it must conform to, e.g. directors retiring at 70 years of age, minimum of 2 directors, voting for directors individually at a general meeting, share allotment. Must publish its accounts in full. Can not give financial assistance to a person to enable him to purchase the companies shares.
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