What Are The Advantages And Disadvantages Of Private Limited Company

around the world. Describe the 3 different sectors in businesses • Private – a private company is something that is owned by a private individual. Their main aim is to make a huge profit so they can spend all the money on their selves. The owners have a full decision of who they want to work for them. Most private business usually wants to grow their business to gain a whole lot of profit. For example McDonalds owner is 100% private so all the profit that he makes goes straight to him. Some business

own personal money. This is a risk the sole trader is taking and it’s called unlimited liability. There are a number of advantages of being a sole trader: • Sole traders have full control of their business • Sole traders retain all the profits of their business. • You are your own boss • You can choose the hours you work and what you want to do There are also a few disadvantages of being a sole trader: • Sole trader could lose everything if the business can’t pay the bills. • You might get no holidays

Sources of finance What are the main sources and finance for UK firms and why? All firms need some kind of financing. Access to finance may differ considerably from firm to firm depending on what type of business they are and how big/known they are; Sole Trader, Public Limited or Private Limited Company. There are both INTERNAL and EXTERNAL sources of finance. Finance can be short, medium or long term. Internal sources of Finance: 2 main types 1) Funds from the owner(s) and the family

Traders, Private Limited Companies (Ltd), Public Limited Companies (Plc), Partnerships, Non-Profit Businesses, Franchises, Co-operatives. In this instant, I will be exploring a Public Limited Company. Tesco. A public limited company can cause many advantages and disadvantages for a business. An advantage of being a PLC is that it will give the company more of a prestigious profile. This could be easier to gain access to better suppliers or opportunities for the business. Another advantage of being

Introduction A business also called a company, enterprise or firm is a legally recognized organization, designed to provide goods and services to consumers. According to the purpose of the business, ownership of the business and nature of economic contribution of the business; the business can fall into one of the three standard sectors. There are; private sector, public sector and nonprofit sector. The part of the economy concerned with providing basic government services is called public

will be evaluating the advantages and disadvantages of s partnership and private limited company. How majority shareholders protect their interests on the board of directors. Clarifying the rights and duties of a company director and how one is appointed to being a manager director. In addition the rights and duties of company auditor as well as their liabilities as an auditor. Firstly, even though there are different types of partnership such as general, limited and limited liability partnership

business can adopt. The key distinction is that some businesses provide limited liability for any debts the business incurs. Others have unlimited liability - which obviously doesn't [IMAGE]Unincorporated Incorporated Up Arrow Callout: Sole-trader Up Arrow Callout: Partnership Up Arrow Callout: Private Limited Company (ltd) Up Arrow Callout: Public Limited Company (plc) What is a Sole-trader? (Builder/local shops/hairdresser) Sole-traders are

Sole Trader Advantages Decision making is fast for the sole trader as it’s just the owner who decided where the business is heading and whether or not to undertake any work and where and when they will work. They are normally closer to their customers and offer a more personalised attitude and improved customers service. A sole trader no need complete many of the forms and accounting information that limited companies need to prepare. Annual accounts can help prepare the annual self-assessment tax

On this assignment i will discussing about the different ownership from two different company based on their sector, the purpose of the business,advantages and disadvantages and the performance of the business. The two businesses that i would focusing on this unit would be carphone warehouse and dog trust Carphone warehouse is telecommunication retail company which retail mobile phone,it has over 1,700 store across europe country.Carphone warehouse was founded in 1989 ,The CEO of carphone warehouse

production and allocation of resources. The economy is made up of three sectors; the private sector, public sector and voluntary sector. The private sector is made up of private enterprises including the personal sector or the households and the corporate sector or private companies. The private sector is not state controlled and is run by companies or individuals for profit. Examples of UK-based private companies include Ineos, Greenergy, European metal recycling, and Arcadia Group. The public sector