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Complete the paragraphs by using the terms from the list provided. A term may be used more than once and all terms should be used
Complete the paragraphs by using the terms from the list provided. A term may be used more than once and all terms should be used at least once. losses company shareholders dividends partnership unlimited liability profit sole trader agreement regulation beneficiaries workload trustee decision making knowledge and skills capital A .business structure is an individual running a business. One advantage of this business structure is that any does not have to be shared with anyone else. On the other hand, there is usually only one person able to contribute to the business and be responsible for important ................. .. is a business owned by two or more people. When people decide to form one of these, they should prepare a written . which sets out the important features such as the aims..... ...... contributed sharing of ...........and .... and how decisions will be made. A major advantage of this business structure is that partners contribute different to the business and can share the Both a sole trader and a partnership structure have for the debts of the business. is established as a separate legal entity which can make contracts in its own name. The owners of this business are known as They usually receive when the business makes a They are subject to greater than sole traders. A trust is a business structure where a ..... is responsible for managing property for the benefit of one or more people, known as
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