S3 BM Sectors of the Economy up to LTD

Which business needs a Partnership Agreement?

LTD goes after the name of a sole trader.

Which type of business needs to register with the Registrar of Companies at Company House?

Private Limited Companies can sell their shares on the stock market.

Which business can have 1-50 shareholders?

Charities are part of which sector of the economy?

Partnerships have 2-50 partners.

A disadvantage of partnerships is unlimited liability.

A private limited company has to publish a summarised version of their accounts.

Tertiary sector is:

Sole traders have limited liability.

How many owners does a sole trader have?

Limited liability means you only lose what you have invested into the business if it goes bankrupt.

The NHS is in the private sector.

In which business is the actions of one owner legally binding on the others?