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The main features of different types of business ownership
What are the key characteristics of public limited companies?
Public limited companies (PLCs) are incorporated businesses with shares traded publicly on the stock exchange. Key characteristics of PLCs include limited liability for shareholders, separate legal entity status, access to public capital markets, and more complex legal and regulatory requirements.
How do franchises operate under different ownership structures?
Franchises operate under a specific ownership structure where the franchisor grants the rights to a franchisee to operate a business using their established brand, systems, and support in exchange for fees or royalties.
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