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Such businesses could be hairdressers, corner shops or market stalls etc. Sole traderships have unlimited liability so if the business fails to pay its debts the financial responsibility falls on the owner/s to pay the debts in full even if they have to sell their business, personal possessions and assets.
Another example of business ownership is a partnership. Examples of partnerships used in business are accounting firms and solicitors firms. A partnership has two or more owners. They work, manage and are responsible for the running of the business. Individual partners may concentrate on a certain aspect of the business where they have expert knowledge...
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Common topics in this essay:
- Business Law - shares
- Business Types
- business start up
- Case Study Start Up Business
- Different Types of Business Ownership; +'s and -'s
- Distinguish between shareholder and stakeholder in a business context. Comment on the influence of shareholders on the management of a company and its allocation of rewards.
- How To Start A Business
- How To Start A Web Business
- Selecting A Form of Business Ownership
- Types of Business Ownership
- Types of business organizations
- start a business vs. work as an employee
- Business Ownership Types
- How To Start A Web Business
- OPERATIVE REPORT
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