appropriate legal structure.
sole trader: is a business owned by one person.
public limited company (PLC) owned by the public.
private limited company (LTD): owned by family or friends.
unlimited and limited liability: responsibility for everything.
shares and shareholders: people who own a small part of a business.
partnership: up to 2-20 people working together on a business.
PROS AND CONS OF SOLE TRADER / PARTNERSHIP.
PROS: making all the decisions, keeping all the profits,