A1 Legal Formats for Enterprise

The legal format of an enterprise refers to the way in which a business is owned and operated. This may include the number of owners, the way they share responsibility and profits, taxation and liability. Examples of legal formats include

  • sole trader,

  • partnership,

  • private limited company (ltd)

  • public limited company (plc).

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A1 Types of Enterprise

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A1 Sole Trader