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WorksheetsBusiness Ownership Structures
Total questions: 12
Worksheet time: 7mins
The numbers of shareholders in a private limited company
1-99
2-99
1-149
149+
The liability that partners in a partnership have
Unlimited
Limited
Legal
Liquid
Two disadvantages of a sole trader are
Unlimited liability
Limited liability
When the owner dies the business dies
Decisions are made faster
The minimum number of partners in a partnership is
2
10
20
149
The name given to a share of the profits is called
Share capital
Investment
Equity
Dividend
Identify two advantages of a sole trader
Makes all the decisions
Keeps all of the profits
Continues to operate after death
Limited liability
A private limited company's name ends in the letters
plc
Ltd
Co
& Sons
True or false - sole traders are easy to set up
True
False
If the business fails, you will only lose the moeny you've invested in the business. This is called (a) liability
The owners of a private limited company are called
members
shareholders
customers
partners
A Credit Union is an example of a
Sole Trader
Private Limited Company
Partnership
Cooperative
In this type of business, the number of votes you have depends on the number of shares you own
Sole Trader
Partnership
Private Limited Company
Cooperative
