section2-limitedc懂ompanyaccounts.pptVIP

Section 2Limited Company Accounts Contents Introduction Summary of Business Organisation Preparing Limited Company Financial Statements … 1. introduction There are three main profit-making business organisation types: Sole Trader Partnership Limited Company 1-1 Sole Trader Sole Trader: Owned, financed and controlled by one individual but can employ other staff. Common in local building firms, small shops, restaurants, etc. Sole Traders: Advantages Easy to set up Personal incentive – keep all the profits make key decisio