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Ade Ikumelo - Types of Business Ownership

overview of the meaning of the main types of buisness ownership in UK

AB
Sole traderowned by one person
Partnershipowned and runned by 2 or more people
Private Limited Companyshares are owned by members of the family
Public Limited CompanyI am owned by the general public
FranchiseI give permission to businesses to use my name
Cooperativesrun by workers with collective interest
Public ownershipowned and run by the state
Private sectorsSole trader, Patnership, Private and Public Limited Company
Public ownershipcenral government, local authorities and public corporations


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