business ownership 0.0 / 5 ? Applied Businessbusiness ownershipGCSEOCR Created by: jademillwardCreated on: 16-01-17 14:03 sole trader someone who owns and runs a business by themselves 1 of 6 partnership 2-20 people who own/run a business 2 of 6 LTD (private limited company) a business with friends/family who are shareholders 3 of 6 PLC (public limited company) a business that sells shares to the public 4 of 6 franchise a business that sells rights to people who can operate under their brand name and products, images, system of operations etc. 5 of 6 non-profit organisation a business that takes an ethical stance rather than a focus on profit (to provide a service) 6 of 6
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