First I have to decide upon a type of ownership for my business which is suitable for my situation and the three types of ownership which are suitable for me are sole trader, partnership and private limited company and the three types of ownership which a
Ownership
First I have to decide upon a type of ownership for my business which is suitable for my situation and the three types of ownership which are suitable for me are sole trader, partnership and private limited company and the three types of ownership which aren’t suitable for me are franchises, public limited company and co operative.
Franchise- isn’t suitable for me as it requires me to run a branch of a large company which isn’t suitable for me as it takes large start up costs
A public limited company- takes several people, which causes me to have less control over my business and the profit I get from my business will be decreased and my business will be on the stock market so anyone can buy stock in my business so they can have equally buy part of my business and because I am a small business so people may not invest in my business