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SOLE TRADER

Definition One man/woman business


Ownership Sole Trader owns business. Owner and business are the same
Finance & Profit
Control
+ -

Definitions

Unlimited Liability -

PARTNERSHIP

Definition A business owned by several people 2-20

Deed of Partnership – contract dealing with share of profits, roles


and duties, capital contributed, dispute procedures
Ownership Owned
Finance & Profit

Control

+ -

Definitions

Deed of Partnership –

Silent Partner -

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