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Company types

QuestionAnswer
Can a sole trader have employees? Yes
A sole trader has unlimited liability, if the business goes bust can he lose his home? Yes
A Community Interest Company can also be a Limited Company Yes
A Limited Company can be owned by more than one person yes
If a limited company goes bust the directors can lose their homes No
An ordinary partnership can have lots of partners yes
An ordinary partnership has limited liability no
Created by: KathrynWiki
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