a Business
...d to pay them. Secondly, another and safer kind of business is partnerships. Partnerships require at least two people. A partnership is the division of responsibilities and cumulating of different skills. All partners invest money to establish company. Although money is power, capital is limited by investments of the partners. They share profits according to their percentage. If Company goes debt, all partners are responsible for them. Dramatically conflicts may occur between partners. Sometimes it results in ruin. The third kind of business is privet limited companies, which are owned by shareholders. Specific administrative procedures must be followed in order to establish such companies. It is more complicated and expensive to set up. Although all shareholders invest money, their capital is still limited but more than others. More people mean more skills and less responsibility. If the company goes debt, shareholders pay maximum they had invested. They do not lose their houses, cars, or planes, etc. They just lose their investment. That is the fact that, private limited companies have limited liability. Their accounts are open to the scrutiny by public. A private limited company takes Ltd. After its name. For instance, yüksel ins. Ltd., Baytur Ltd. etc... Fourthly, public limited companies (plc) are also owned by shareholders. Public limited companies are more complicated and expensive to set up. Companies can increase their capital by selling shares. These shares a...