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,