Types of business organisations including different business ownership models: sole traders, partnerships, private (Ltd) and public limited liability companies (plc)
Businesses can be owned and structured in four main ways. Each structure affects who owns the business, who is liable for its debts, and how it raises money.
Real World
Primark operates as a private limited company (ABF subsidiary with Ltd liability), whereas rival Next plc raises capital from thousands of public shareholders on the London Stock Exchange.
Exam Focus
State the ownership structure, then explicitly link it to liability and capital-raising ability — all three points earn marks.
Essay Framework
Use PEEL to structure every paragraph. Tap each step for guidance and an example.
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