This document discusses different types of business ownership and their associated liabilities. There are two main types: unlimited liability businesses like sole traders and partnerships, where owners are personally liable for all debts and losses; and limited liability businesses called companies, where liability is limited to the amount invested and owners are separate from the business. It also discusses sources of finance for businesses, including retained profits, share capital, bank loans, hire purchase, leasing, trade credit and overdrafts to finance fixed assets and working capital.