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2541931
Legal Ownership
Description
legal ownership
Mind Map by
connorgibson70
, updated more than 1 year ago
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Created by
connorgibson70
over 9 years ago
3
0
0
Resource summary
Legal Ownership
Sole Trader
advantages
All of the profits are for one person
all decisions are made by one person
disadvantages
all bills are paid by the single owner
all goods are paid for by the single owner
all decisions are made by one person
Kurt Geiger- made a turnover of £162m by selling fashion items most notably the scene leather boots. Which brings in a whopping £390 per pair.
Window cleaner
Partnership
ideas can be shared by owners
bills and costs are shared
arguments can arise over disagreements within the business
advantages
disadvantages
profits are shared
Ben and Jerry's
Google
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