IGCSE Business Studies Key Terms 4

a business that does not have legal identity seperate from it's owners

a business formed by two or more people

a business system that buys the right to use the name, logo and product of an existing business

owned by shareholders. Cannot sell shares to the general public. Not on the stock exchange

non-current assets offered as security against borrowing

a payment, out of profits, to shareholders as a reward for their investment

two or more businesses work together on a project & set up a seperate business for this purpose

the owners of a limited company

owners might have to use personal wealth to finance any business debts

business owned and controlled by one person who takes all the risks & receives all the profits

the finance needed when first setting up a business

a business organisation that is owned and controlled by the state

owned by shareholders. Can sell shares to the general publilc on the stock exchange

a person or organisation who owns shares in a limited company

shareholders only risk losing money invested to finance any business debts