Advantages And Disadvantages Of Different Business Structure
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 and liabilities of the owner and those of the business are the same. There are no legal or tax distinctions between the owner and business.
This type of business is straightforward to set up and dissolve. It requires the minimal legal requirements and costs. The owner can make all the decisions and can retain all the profits. He owns all the assets of the business.
The owner can draw or invest funds into or out of the business, as he deems necessary.
Business losses can be......
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Approximate Word Count: 1889
Approximate Pages: 8 (250 words per double-spaced page)
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