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Norwich City Football Club

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Introduction

Norwich City Football Club A Brief History Norwich City Football Club was formed at a meeting held at the Criterion Cafe in White Lion Street Norwich on June the 17th 1902 and played their first game on Saturday 20th September 1902. Robert Webster was the first appointed chairman, Joseph Cowper Nutchey became the Treasurer and Arthur Turner became joint secretary with John Howes. Since then Norwich City has grown is size. Type of Ownership Norwich City Football Club is a Ltd. (Private Limited Company). When a business is an Ltd it means that it must have at least two or more shareholders. PLC's (public limited company) are often larger than LTD's as LTD's tend to be family run. However as with Norwich City FC this is not always the case. ...read more.

Middle

The other types of businesses are :- * Sole trader * Partnership * Public limited company * Co-operative * Not-for-profit or a charity * Franchise A sole trader has just the one owner. This does not however mean that there is just the one person working for the company. The owner may also employ people. E.g. somebody may have a gardening business, but they would still employ people to help with the tasks. E.g. different clients would want work doing at the same time. A partnership tends to have between 2 and 20 partners. This is a better type of ownership when it comes to raising capital and the workload can be shared amongst the owners. The owners are likely to share a variety of skills. ...read more.

Conclusion

There are MUFC cameras, mobile phones, drinks etc. These products are bought all around the world. Norwich City's products are limited to their club shop and small local outlets. Shareholders in companies have the legal protection of limited liability. Limited liability means that if the business goes bankrupt because it is unable to meet its debts, the owners/shareholders will not be liable to lose their possessions in order to pay the money that is owed. The most amount of money they would lose would be the amount they have to put into their shares. Small businesses with just a few shareholders will often be formed into private companies so they can get limited liability. Limited liability becomes essential when a business expands to become very large. This is because it will be asking a lot of shareholders to risk their money in the business. Without limited liability status, many people will not be prepared to risk their money. ...read more.

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