Activity 1

Which term in the list below describes the current form of ownership of the RJ’s cafe/bistro bar?

• Sole Trader
• Partnership
• Limited Company

Name one other form of ownership not given in the list above?

Mrs Rhian James wants to expand her business by opening another similar cafe/bistro bar. She has invited her friend to join in with her.

• What sort of business will this be?
• What advice would you give to Mrs Rhian James about changing her form of ownership? Think about the advantages and disadvantages. Write your answer in the box below.