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Forms of Business Ownership in the Private Sector - Mind Map
Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.
View larger version of the mind map.
- Franchises
- A business which has bought the right to trade under an established name
- Sole Traders
- Owned, controlled and financed by one person
- Co-operatives
- Groups of people who enter business and share the benefits
- Consumer Co-operatives
- Producer Co-operatives
- Worker Co-operatives
- Public Limited Companies (PLCs)
- Minimum of 2 but no maximum number of shareholders
- Private Limited Companies
- Owned, financed and controlled by between 2 and 50 shareholders
- Partnerships
- Owned, financed and controlled by 2 or more people
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