Investigating Business - Ownership Essay -- Business Management Studie

Investigating Business - OwnershipInvestigating Business building block One Task OneOwnershipIntroductionI hand chosen to initiation my assignment on the following headacheesSole-Trader for which I pose chosen Errol Andersons disdain ErrolAnderson MotorsPLC for which I have chosen SainsburysI have chosen these businesses because a Sole-Trader and a PLC make agood comparison and then I have chosen a sole-Trader and a PLC.I have chosen Sainsburys as my PLC because firstly my teacherrecommended this PLC to me. Another reason for choosing this PLC isthat it is one of the UKs successful businesses and overly is a wellkn induce business in the UK. I am also a regular customer of Sainsburysand there for it is easier for me to communication about the services theyprovide their customers with. The website of this PLC also is veryuseful because it provides us with a Student Section in which thewebsite tout ensembleows us to look at the compeverys history, companyin pulpation and also it provides us with a Media Centre detail.Sainsburys has many articles in local newspapers and reports ontelevision. It is a very popular business in the form of a PLC andtherefore I have Chosen this business.I have chosen Errol Anderson, as my Sole-Trader because my teacherrecommended me to do this Sole-Trader if I didnt know a LTD, aSole-Trader or someone in Partnership business. Errol Anderson isSole-Trader who set up his proclaim garage and called it Errol AndersonMotors. Another reason for me choosing Errol is that I didnt have anyfriends or family member who were able supply me with information on each a Sole-Trader, a Partnership business or a LTD business sotherefore I have chosen Errol Anderson and his business Errol AndersonMotors to base my assignment on.Sole-TraderA Sole-Trader is someone like Errol Anderson who has set up his ownbusiness. Errols business is called and is known as Errol AndersonMotors. Sole-Trader is someone who does a one-person(prenominal) businessa ccording to my assignment that one businessman is Errol. This is thesimplest form of self-possession in which the owner in this case who isErrol is fully controller of his business. Errol makes all decisionsbecause he is the owner and has to spend a small amount of large(p) toset up business such as a Sole-Trader. The financial information isprivate and t... ...PLC and Sole-Trader isthat shargonholders selling their shares can damage a PLC. further theSole-Trader can also be damaged if it is on unlimited liability thatcan force them to sell their personal belongings.Decision- qualificationThe differences between the decision making in a PLC and a Sole-Traderis that a Sole-Trader like Errol does one-person business so thereforethe Sole-Trader (Errol) makes his decisions himself and is in controlof the business. So therefore a Sole-Trader like Errol decides forhimself.The decision making of a PLC is made by the bestrides of Directors. TheBoard of Director are shareholders who a re elected by othershareholders to be the Board of Directors and have most of the powerin the PLC in which the shareholders form partnership and groups tobecome Board of Directors.Overall the differences between decisions making of a Sole-Trader anda PLC is that a Sole-Trader is the owner of the business so they makedecisions. barely the owners of a PLC are the shareholders and if ashareholder or shareholders who own more than 50% of the company thenthey are made the Board of Directors and they are the ones who makethe decision for a PLC.