Business 9609 · AS & A Level · Business structure

Business structure — practice question

(a)[2]

Define the term ‘private limited company’.

(b)[3]

Briefly explain two possible disadvantages a sole trader may face when converting to a private limited company.

Worked solution & mark scheme

This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “A business controlled by private shareholders” …