Incorporated business structure

People who buy parts of the business

• sole traders

• shareholders

• employees

The amount of profit that shareholders receive

• revenue

• costs

• dividends

In a partnership, if one partner leaves

• business can stay open

• business can't stay open

In an incorporated business, if one shareholder leaves

• business can stay open

• business can't stay open

Separate legal identity means that the owner is

• directly legally responsible

• NOT directly legally responsible

Limited liability means that the owner

• is responsible for paying the company's debts

• is NOT responsible for paying the company's debts