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Investigation Of The Types Of Business Ownership

1064 words - 5 pages

Investigation of the Types of Business Ownership

JCC Limited is a private limited company. Other forms of business
ownership include:

The sole trader. This is the most common form of private sector
business. This type of business has one owner who runs the business
and may employ any number of people to help. Advantages of being a
sole trader include the lack of legal restrictions, the sole trader is
able to set up their business relatively quickly. Also all profits
after tax are kept by the owner. There are a number of disadvantages
to being a sole trader though, the main one being that sole traders
have unlimited liability. This means that ...view middle of the document...

Becoming a PLC tends to be
very expensive. This is because, the company may use a financial
institutions to process share applications. A PLC must have a £50,000
share capital and the company will have administrative and advertising
expenses. There are several advantages to being a PLC as large amounts
of money can be made from the sale of shares to the public and because
of their large size PLC's can often dominate the market. However due
to the large size of most PLC's the setting up costs can run into
millions of pounds in some instances. Also as the shares are on sale
to the general public it is possible that someone outside the company
could take control of it.

Private Limited Companies, JCC Limited is a private limited company.
These types of business tend to be smaller than PLC's. Like PLC's
private limited companies have limited liability. This means that the
owner, Mark Du Jardin in the case of JCC Ltd. can only lose what he
has originally put into the business. The shares within a private
limited company can only be brought and sold privately and cannot be
advertised for general sale on the stock market. As the only
shareholder Mark Du Jardin must agree on the transfer of shares.
Private limited companies are often family run businesses, such as JCC
Ltd. As Mark Du Jardin is the sole shareholder and therefore he owns
the entire business. Control of JCC Ltd. cannot be lost to outsiders
as the shares cannot be brought be the general public, also there is
the opportunity for more capital to be made by the company as there is
no limit on the number of shareholders, but it is unlikely outsiders
will be offered shares as the Du Jardin's want to keep the business in
the family. Although in most cases the profits made in private limited
companies must be shared between a much larger number of people, in
the case of JCC Ltd. as Mark Du Jardin is the sole shareholder, this
is not the case. If Mark Du Jardin decided to sell his stake in the
business it can take time to find a replacement buyer. As there is a
legal procedure to follow when setting up the company this tends to

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