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1.2.1 Unincorporated businesses

What does unincorporated mean?

A

The business has a separate legal identity from its owner, with limited liability.

B

The owner and business are legally the same, with no separate legal identity.

C

The business is owned by shareholders, with directors managing it.

D

The owner is protected from business debts by the business’s separate identity.

1.2.1 Unincorporated businesses Flashcards

  1. GCSE
  2. /Business
  3. /1.2.1 Unincorporated businesses

Flashcards for AQA GCSE Business 1.2.1 Unincorporated businesses, covering the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2. 25 cards, matched to the AQA GCSE Business (8132) specification. Recall questions account for roughly 35% of marks at GCSE Business, so these target the marks you can secure before the paper starts.