| Question | Answer |
| Owned and controlled by one person | Owned and controlled by one person
|
Easy to set up and run | Easy to set up and run
| Not able to take time off without closing the business for a period of time | Not able to take time off without closing the business for a period of time
| 2-20 people own and control the business together, usually by producing a Deed of Partnership | 2-20 people own and control the business together, usually by producing a Deed of Partnership
| Different partners bring in different skills and ideas | Different partners bring in different skills and ideas
| Disputes between partners can occur | Disputes between partners can occur
| Shares are sold privately to family, friends and employees (LTD after its name) | Shares are sold privately to family, friends and employees (LTD after its name)
| Can raise additional finance by privately issuing more shares | Can raise additional finance by privately issuing more shares
| All other shareholders must agree for new shares to be sold | All other shareholders must agree for new shares to be sold
| Shares are sold to the general public (PLC after its name) | Shares are sold to the general public (PLC after its name)
| Easier to raise finance as more potential buyers of shares | Easier to raise finance as more potential buyers of shares
| Need £50,000 to become one | Need £50,000 to become one
| Owned and controlled by worker-owners | Owned and controlled by worker-owners
| Members are much more engaged and motivated | Members are much more engaged and motivated
| Workers may lack management experience | Workers may lack management experience
| A non-profit-making organisation set up to support a cause | A non-profit-making organisation set up to support a cause
| Many employees provide their services voluntarily | Many employees provide their services voluntarily
| Also have paid employees and managers | Also have paid employees and managers
| A company (franchisor) allows new branches of its business to be set up by franchisees | A company (franchisor) allows new branches of its business to be set up by franchisees
| Is a ready-made business model | Is a ready-made business model
| Control of how the business operates rests with the franchisor | Control of how the business operates rests with the franchisor
| Central government bodies that oversee the running of key areas of society | Central government bodies that oversee the running of key areas of society
| Ensure all UK citizens receive the same services | Ensure all UK citizens receive the same services
| Not all decisions made may be suitable for all areas of the country | Not all decisions made may be suitable for all areas of the country
| Take responsibility for a particular service or function | Take responsibility for a particular service or function
| More independent that government departments as to how services are run | More independent that government departments as to how services are run
| Still accountable to government for their actions | Still accountable to government for their actionservices |
