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Ocr Business J204 01 Mark Scheme  Form

Ocr Business J204 01 Mark Scheme Form

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less of a session ocr paper one for gcse business so i want to look in this video at eight big topics and that's based on the advanced information that's been provided by your exam board now if you're not aware of the advanced information the link is there below in the description box please make sure you've revised diligently with respect to your advanced information so let's go through eight big topics topic number one is business ownership structures now one of those business ownership structures is partnerships versus private limited companies let's go through the key features of each so partnership's key features two or more people own and run the business it's unincorporated so it has unlimited liability all the partners agree to the deed of partnership which legally sets out how the profits and control will be distributed now private limited company the key features owned by shareholders and managed by a director and shareholders are not allowed to sell shares to the public via

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