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Advantages and Disadvantages of Various Business Structures

This outline examines the benefits and drawbacks of different business structures, including sole traders, partnerships, proprietary/private companies, and public companies. It also addresses the requirements for registering a business name, detailing the governing bodies with which registration is required, alongside the necessary time limits for compliance. This information is crucial for entrepreneurs and business owners in making informed decisions about their business structure and understanding the legal obligations involved.

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Advantages and Disadvantages of Various Business Structures

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  1. Class Activity Appendix 1 • Outline the advantages and disadvantages of the following business structures: • Sole trader • Partnership • Proprietary/private company • Public company • Also identify when your business structure has to register its name? Who does it register its business name with? Time limit : 10-15 mins

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