Business structures and ownership types overview, focusing on advantages and disadvantages of sole trader business structure, benefits of a private limited company for business control, and the National Trust as a not-for-profit organization.
• Different business structures offer varying levels of control, liability, and financial implications
• Private limited companies provide limited liability while maintaining owner control
• Partnerships involve shared responsibilities and unlimited liability
• Not-for-profit organizations like the National Trust operate under special tax considerations
• Business structure transitions require careful consideration of control and financial implications
