Research Task 2

 Task two:


Sole traders: a person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses.

Limited companies: a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.

Partnerships: A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. There are several types of partnership arrangements. In particular, in a partnership business, all partners share liabilities and profits equally, while in others, partners have limited liability.

Social enterprises: an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being—this may include maximizing social impact alongside profits for co-owners.

Charities: an organization set up to provide help and raise money for those in need.

Unincorporated associations: an unincorporated association is a group of people who come together for a common purpose intending to create a legally binding relationship between themselves.

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