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One owner, or a few working together

What this module covers

The sole trader

The general partnership

Read this before the quizzes

What does sole mean?

Partners without paperwork

Answers and why

Forms that limit the owners' risk

What limited liability really means

Inside a private limited company

The limited liability partnership

Using the word limited

LLP or general partnership

The paperwork and the money words

Company documents

Money words, and private or public

Choosing a form

Comparing the four forms

Where the protection stops

A paper for the bank

A promise of her own

Picking a form

Before you start the drills

The language of the main business forms in England and Wales: who owns each one, who runs it, and who pays when the money runs out.

A plain guide for learners new to legal English. You will meet sole traders, partnerships, limited liability partnerships and private limited companies, and learn the words lawyers use to describe each one.

Business Forms: Sole Traders, Partnerships, LLPs and Companies

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