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Advantages And Disadvantages O
Beginning of essay
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 f each one. The business structures that I will be examining are as follows:
The partnership
The Private Limited Company (LTD)
T ....
Middle of essay
....rently £50,000 for a twelve-month period).
The main disadvantage for being a sole trader is the unlimited liability factor. The sole trader is putting at risk his entire personal fortune including his house, car and any other personal assets in his possession that are outside the business. This is because there is no distinction between the individual (the owner) and the business. The law does not recognise the business as an artificial person (unlike a company,) and the business therefore, d.... |
| Number of words: 1824 |
Approximate pages: 7 |
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