Tag: sole
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Cooperatives
Co-operatives Cooperatives are owned and managed by its members persons Cooperative operate for the welfare of its members Owners are referred to as the members Different co-operatives have different objectives Can sell shares to general public
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What is a partnership?
Partnership Partnership is a business owned and managed by at least 2 persons Owners of partnership are referred to as partners Partner have unlimited liability Partnerships raise more finance Partners make decisions after consultation Partnership business is easy to set up
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The Sole Proprietor
Sole proprietor Sole proprietor is a business owned and managed by one person Sole proprietor is often referred to as the sole trader Sole trader has unlimited liability Sole trader has limited finance Sole trader makes all the decisions Sole trader business is easy to set up
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Different Business organization
Types of business organizations Sole proprietors Partnerships Private companies Public companies Multi-nationals Co-operatives Public corporation