Unit 1 Topic 1.4.3.  Must learn: The principles of limited and unlimited liability  Should learn: The differences between limited and unlimited liability.

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Presentation transcript:

Unit 1 Topic 1.4.3

 Must learn: The principles of limited and unlimited liability  Should learn: The differences between limited and unlimited liability  Could learn: To evaluate the choice of business ownership depends on the risk of loss a business is will to take

Finish the sentence:- The meaning of limited is ……… The meaning of liability is ………….

Finish the sentence:- The meaning of limited is when there is a restriction on something. The meaning of liability is when someone or something is accountable for an occurrence.

List as many unlimited liability business as possible . List as many limited liability business as possible .

 ferent-types-of-companies-ltds-and- plcs/13157.html ferent-types-of-companies-ltds-and- plcs/13157.html

 Risk  Control  Profit  Privacy

 Bob the Blob’s Question Time  Complete the paragraph by filling in the blanks.  Explain the main differences between a sole trader and a private limited company.

Answer the four mark question below:-