What Do I Keep Gorgetting

Question 1

Price

Answer 1

cost, customer, corp objectives , competitor

Question 2

Procurement

Answer 2

quality, quantity, price, lead time

Question 3

Sole trader

Answer 3

• cannot use floating charges over assets (ie stock)
• no perpetual succession : if sole trader dies, sole readership ceases to exist

Question 4

General partnership

Answer 4

• all jointly and severally liable

Question 5

Limited partnerships

Answer 5

At least one, fully liable partner
The rest may have limited liability

Question 6

LLP

Answer 6

all partners have limited liability