Business Studies

[Turnip]

oh ok, thanks for cleaning up that mess i got in then
+rep to karl.

my bad

[kk.]

private limited company, as they are making a profit. .
i think, that sounds about right .

private limited company (Ltd at end of name) are owned by STAKEHOLDERS. has nothing to do with profits. Profits can be made by any type of company (sole trader, partnership, PLC, privatre limited, franchisers (tends to be PLC's)

Plc - Private limited company does not mean they are making a profit. It is about the shares the business owns for example.

Private limited companys is not PLC... PLC's are owned by the public, hence why the sell shares to the public

Private limited companys are owned by people who havce put money into the business. This is mainly by familys, eg, uncle, mum, dad, brother and they have an interest in teh company.

[Turnip]

that is where i thought it could of been a private..
as they would probs put their own money in too the pub.

but yeah, now ive thought about it..
its either sole trader, or partnership.

just ignore me, im jus messin the answer up tbh. lol

[Frodo13.]

private limited company (Ltd at end of name) are owned by STAKEHOLDERS.

Incorect. Stakeholders are people who have a interest in the business. These could include employees, customers and suppliers. I think you mean shareholders, who own a share of the business, and are paid with dividends.

Back to the question at hand, pubs would be either a sole trader or partnership. Would only be a ltd or plc if the company had over 20 owners, which is very unlikely.

[iMegz.]

Okay, thank's for all you help people Will + rep you in abit..

Whats the advantages and disadvantages of co-operatives?

[jam666]

Okay, thank's for all you help people Will + rep you in abit..

Whats the advantages and disadvantages of co-operatives?

can you be more precise? as there is two types of co-operatives

here are some disadvantages:

*everyone is paid the same regardless of position within the company

However this isnt always the case for example the Co-Op (super market) is the 2nd type of co-operative where the wages do vary depending on position within the company

oh and to the above:

PLC = Public Limited Company which is where the shares are availible for sale to the public on the stock exhange and a PLC needs £50,000 to set up

LTD = Private Limited Company this is where the shares are NOT availible for sale to the public however they are available to family and friends

BOTH LTD'S AND PLC'S have LIMITED liability.

also pubs are mainly sole traders / partnerships however some are franchises / LTD's

[Falcon]

I'm doing Buisness Managment at SQA Standard Grade - Credit..
P'M i might be able to help.

[kk.]

Incorect. Stakeholders are people who have a interest in the business. These could include employees, customers and suppliers. I think you mean shareholders, who own a share of the business, and are paid with dividends.

Back to the question at hand, pubs would be either a sole trader or partnership. Would only be a ltd or plc if the company had over 20 owners, which is very unlikely.

same thing lol

what i meant is to become a private limited, you tend to sell shares to people you know, not openly to the public

Co-ops: http://www.cobsc.org/nwe/en/synd/coops.cfm?id=2&side=6

[Frodo13.]

same thing lol

what i meant is to become a private limited, you tend to sell shares to people you know, not openly to the public

Co-ops: http://www.cobsc.org/nwe/en/synd/coops.cfm?id=2&side=6

Yes I know. As a Plc shares can be freely brought on the stock exchange.

[lAscend]

LTD - private limited comapany
PLC - publice limited company

most pubs now are sole traders

and for a sole trader you dont need any documents to open up