This document discusses different forms of business ownership including sole traders, partnerships, close corporations, and companies. Sole traders are owned and managed by one person who is responsible for daily operations but keeps all profits. Partnerships have between 2-20 owners who share responsibilities and capital but have unlimited liability. Close corporations are similar but have 1-10 owners and limited liability. Companies also have limited liability, continuity, and are separate legal entities but are more difficult to start due to requirements.

1. Forms Of Ownership
Grade 10

2. acknowledgements
• This presentation has been designed by N Sibiya with the use of some
sources found in the last slide of this presentation.

3. Different forms of
ownership
Sole trader
Partnership
Close Corporation
Companies

4. Sole trader
It is a business managed
or owned by only one
person. The owner is
responsible for day to day
running of the business

5. ADVANTAGES AND DISADVANTAGES
• ADVANTAGES
• DISADVANTAGES
•
Easy to establish
•
Start up costs
•
Owner takes all the profit
•
Responsible for all the functions
•
Makes decision on his own
•
Unlimited liability

6. Partnership
It is a business owned by the minimum of
two people to the maximum of twenty.

7. Advantages and disadvantages
• Advantages
• Disadvantages
• shared responsibility
• Capital is contributed
• Easy to establish
• Unlimited liability
• Lack of continuity

8. Close
Corporation
An entity owned by the
minimum of one person to
the maximum of ten people.
The name ends with CC.

9. Advantages and disadvantages
advantages
• Limited liability
• Shared responsibility
disadvantages
• Difficult to start
• Conflicts may arise

10. companies
Two types of
companies private and
public company

11. Advantages and disadvantages
advantages
disadvantages
• Limited liability
• Continuity
• Separate legal entity
• Difficult to start
• Many requirements needed

12. Reference list
• http://www.slideshare.net/earlstevens58
• http://www.slideshare.net/calibor
• http://www.slideshare.net/dillyn