Business Ownership Within England And Wales
There are many ways in which a business may be owned under the legal system of England and Wales.
Different types of ownership are suitable for organisations depending on the degree of control the owners wish to have over the business. The choice of ownership methor also relates to the organisations ability to raise funds for the business activities. The ownership method also alters the rules under which the company must be administered.
Because ownership is key part of business planning it is essential to take into consideration:
- The legal obligations for the owners.
- Appropriate insurance.
- Financial forecasting
The three main forms of ownership for starting business are: Sole-trader, Partnership and Limited company.
Read more about Business Ownership Within England And Wales: Sole Trader, Partnership, Sole Traders and Partnership NIC and Income Tax, Companies, Private Limited Companies (limited By Shares) / (limited By Guarantee)
Famous quotes containing the words business, ownership, england and/or wales:
“Never joke at funerals, or during business transactions.”
—Herman Melville (1819–1891)
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
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—D.H. (David Herbert)
“I just come and talk to the plants, really—very important to talk to them, they respond I find.”
—Charles, Prince Of Wales (b. 1948)