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Business Ownership

QuestionAnswer
How many people are there in a sole trader? 1
How many people are in a Private Limited Company? 1-99
What Does Ltd stand for? Limited
What is the Certificate of Incorporation? Birth Cert of the Company
What is the Articles of Association? The internal rules or regulations of the company
What is the Memorandum of Association? The constitution of the Company
What type of Liability does a Private Limited company have? Limited Liability
What is a sole trader? A business which is know by 1 person
How is a co-operative formed? Is an organisation formed by people who join together to achieve a particular objective which they could not achieve on their own
What is State Ownership? Companies and organisations owned by the company
Created by: Doona_10
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