Unit 1 Topic 1.4.3

Must learn: The principles of limited and unlimited liability

Should learn: The differences between limited and unlimited liability

Could learn: To evaluate the choice of business ownership depends on the risk of loss a business is will to take

Finish the sentence:-

The meaning of limited is ………

The meaning of liability is ………….

Finish the sentence:-The meaning of limited is when there is a restriction on something.

The meaning of liability is when someone or something is accountable for an occurrence.

List as many unlimited liability business as

possible ...

List as many limited liability business as

possible...

http://www.bbc.co.uk/learningzone/clips/different-types-of-companies-ltds-and-plcs/13157.html

Risk ControlProfit Privacy

Bob the Blob’s Question Time

Complete the paragraph by filling in the blanks.

Explain the main differences between a sole trader and a private limited company.

Answer the four mark question below:-