Be better at 'the business of tourism'

AC 1.1 - Describe forms of ownership for tourism organisations

Limited Companies

Activity 1

Ripley’s Independent Leisure Ltd (RIL Ltd) is a private limited company.

Identify two statements within the list below that apply to a limited company.

  • The company has limited liability
  • There will be a maximum of two shareholders
  • The business can trade shares on the stock exchange
  • The business has its own legal identity

Activity 2

RIL Ltd is considering raising finance and would have a better chance of doing this if it changed its form of ownership. What form of ownership could RIL Ltd change to and explain why this would be a suitable choice?