1.4.1 Start-Up Ownership Options — Edexcel Business 1BS0

Understand the legal concept of limited liability and distinguish between limited and unlimited liability structures.
Analyze the personal and financial implications of limited and unlimited liability for business owners.
Evaluate the different types of business ownership available for start-ups, including sole traders, partnerships, and private limited companies.
Assess the distinct advantages and disadvantages of each type of business ownership.
Explain the option of starting and running a franchise operation, detailing the specific advantages and disadvantages for the franchisee.

Start-Up Ownership Options