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Ownership and control

  1. 1. Sole Trader, Partnership, PLC or LTD?<br />I can’t decide...<br />
  2. 2.
  3. 3. Sole Trader<br />
  4. 4. Partnership<br />
  5. 5. Liability<br />Unlimited Liability<br />If something goes wrong and Homer gets taken to court there is no limit to the amount he can be sued for<br />He is personally responsible for ALL the debts<br />Limited Liability<br />Protected against being sued<br />They can only take the amount that has been invested<br />
  6. 6. How to become a limited liability company?<br />Sell shares<br />
  7. 7. PLC or an LTD can sell shares.<br />Shareholders<br />25%<br />What do shareholders want?<br />What can Homer do with the investment?<br />Homer<br />75%<br />
  8. 8. PLC or an LTD can sell shares.<br />Can sell a share of the business to raise money<br />It means a business doesn't have to take out a loan to raise finance<br />‘Dividends’ must be given to shareholders<br />which means less profit for the owner<br />
  9. 9. Private Limited Company<br />Homer can CHOOSE who to sell the shares to and decides to keep it in the family<br />
  10. 10. Public Limited Company<br />Anyone can buy shares on the STOCK MARKET<br />
  11. 11. LTDPLC<br />PRIVATE LIMITED COMPANY<br />A LIMITED number of people buy shares<br />Choose who to sell shares to<br />More control of the business<br />PUBLIC LIMITED COMPANY<br />The PUBLIC can buy shares<br />Anyone can buy them<br />
  12. 12. Debts<br />Hairdressers<br />Dividend<br />General public<br />Finance<br />Decision making<br />Unincorporated<br />Shareholders<br />Lawyer<br />Stock market<br />2-20 people<br />Control<br />Incorporated<br />
  13. 13. Homework <br />Go to the blog<br />www.dbsbusiness.blogspot.com<br />Make notes from the powerpoint`<br />

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