Types of Business Ownership Explained | Sole Traders, Partnerships, LTD, PLC and Franchise

[@dennamccandless9698]

Am i the onily one here because school has told me to..... its a good video tho

[@TwoTeachers]

I'm sure you aren't the only one, ha. Great to hear you found it useful Denna.

[@itssdesxo]

Yup 🥲

[@bethmullett1983]

Yep there my teachers n there making us watch the videos, as good as we’re gonna get if we’re not in a classroom tbh

[@coreyotoole4921]

Yup not bothered tbh

[@TwoTeachers]

Thanks Beth, appreciate the support as always 👍

[@mintie66]

Well, I hope I can finish the work within the next half an hour. Thanks for the video. ( :

[@TwoTeachers]

You're welcome and we hope you got the work completed in the end :)

[@anthony27540]

​@@TwoTeachers7:34 7:36

[@LatasiMonise]

thx, my business management SAC test is tommorow. Really insightful

[@TwoTeachers]

Hope it went well!

[@jowhy7243]

very insightful video, thank you!

[@TwoTeachers]

You're welcome, glad you found it useful 👍

[@pyrox6585]

I am currently doing my access to higher education in business and law. I found this informative and pleasant to listen to. Thanks.

[@TwoTeachers]

That's fantastic to hear, we wish you all the best in your studies.

[@pyrox6585]

@@TwoTeachers Thank you!

[@Chilling_Charizard]

I am doing business and felt the same way.

[@TwoTeachers]

Really happy it helped 👍

[@nazneenjackaria1225]

Very nice, well articulated and insightful. Ill share it with my students.

[@TwoTeachers]

Great to hear, thank you, we hope they find it useful!

[@PatrickMrindoko]

i really understood the concepts and its very awesome ☺

[@TwoTeachers]

That's great to hear 👍

[@reload2832]

Thanks Yorkshire man my PPE's coming up and I needed to find a way to revise quickly and easily

[@TwoTeachers]

Your most welcome Reload, hopefully you smash your PPE's!

[@reload2832]

@@TwoTeachers Thanks

[@iamofficejob]

very nice how all of this was made in powerpoint. pretty nice, keep up the work👍

[@TwoTeachers]

Thank you, we will keep going 👍

[@vinceking7878]

Exerlent thanks.. Need to work on my spelling! How do you have a main company with your own seperate sub companies? Can a company go from a Sole trader to a limited company?

[@TwoTeachers]

Great question, once you have a company you can start looking at setting up subsidiary companies which operate under your main company and yes you can go from sole trader to a limited company 👍

[@Cyber_Mac]

Very practical, thank you.

[@TwoTeachers]

Thankyou for the comment, appreciate it & glad you found it useful 👍

[@vincenthovorka]

Very informative video, Thank you!

[@TwoTeachers]

Glad it was helpful!

[@riteshkadakoti909]

Very precise knowledge on types of business owner provided 👍. I think you missed LLP(Limited liability partnership) .

[@TwoTeachers]

Thanks Ritesh, glad you found it useful. Yes that will be covered in another video, good spot though!

[@Rita-kx1cm]

I am here because of school, helpful video thank you.

[@TwoTeachers]

You're welcome! Only the best schools send students to Two Teachers' KZbin :)

[@MilaChavez138]

I am part of a small startup. The partner with the biz idea holds the majority percentage. The investor holds next and is mostly hands off, I hold lowest. The majority partner tends to treat me like since he holds the most and titles himself CEO, I should not question any authority or “talk back” when I have been accused of doing something untrue, or try to give my feedback/opinion. To just “fix it”, “educate myself on not being insubordinate” because I want to explain my processes -but instead am silenced and told my opinion/voice doesn’t always matter and to know my place. Am I missing something in the structure? Is this the standard that majority owner treats the lesser more like assistants in how they want to be spoken to and expectations? I keep being told to brush up on business structure, but am having a hard time finding anything on this partnership dynamic. Would love your feedback.

[@TwoTeachers]

This is a little out of our lane but here is our thoughts. I would say that understanding the structure isn't the problem here it 'sounds' like you are being treated badly by a business partner who has an autocratic style of management. If you are not happy with it then you need to make a change. Thanks for watching our video 😁

[@jorjah5977]

Do they have a video on the ownership of a not-for-profit business?

[@TwoTeachers]

We don't currently but I'm sure it's a video we will produce overtime.

[@amycurtis1814]

Was Really helpful thank you

[@TwoTeachers]

That's great to hear, all the best in your studies Amy.

[@kwakuandspinopython1346]

Excellent video

[@TwoTeachers]

Thank you very much!

[@zaidm1134]

Loved the video by the way,

[@TwoTeachers]

Oh, just replied to your previous comment 😂 this is good to hear 👍

[@AminulIslam-re8fg]

Thank you

[@TwoTeachers]

You're welcome, hope you found it useful.

[@froggy4023]

Thank you! Very helpful :)

[@TwoTeachers]

You're welcome! Great to hear you found it helpful :)

[@mranimeskrillex1154]

Big up Mr Morris

[@TwoTeachers]

Mr Morris is a top guy 😎

[@lucassperka424]

Great beats!!

[@TwoTeachers]

Club beats!

[@sandrahampton4094]

I’ve confused on why a partnership wouldn’t become a ltd if tax is less?

[@TwoTeachers]

Hi Sandra, it's quite a complex decision to make and it isn't as simple as just paying less tax, but that can certainly be one of the key advantages dependent on the business. As a ltd. business, you must pay corporation tax, but will also have more paperwork and legal responsibilities etc. Accountancy fees also tend to be higher for Ltd. businesses, so it's very important, the pro and cons are considered carefully before a decision is made. This link is very useful if you would like to find out more: www.startupdonut.co.uk/set-up-a-business/setting-up-a-limited-company/should-you-trade-as-a-partnership-or-limited-company

[@johnmason6998]

Loved it

[@TwoTeachers]

Thanks Jason, glad it was useful 👍

[@dannyprince7]

Cracking vid

[@huskslay]

Hm

[@TwoTeachers]

Thanks Danny, appreciate it 😁

[@darndarn99]

I’m about to start up my own SEO digital marketing company but am still unsure on which route to take . While at first it will just be me running the company and will be outsourcing some of the tasks to a team I have built up over a number of months. In the future I will have in-house employees. Would you recommend setting up a lTD company?

[@TwoTeachers]

If you aren’t sure I would suggest you speak to a qualified business advisor as there are different implications in terms of tax etc that you may need to consider 😁

[@darndarn99]

@@TwoTeachers yeah I think I will have to have a chat , thanks for replying 👍👍 great channel fellas and your TikTok’s are so funny 😂😂

[@haimanotdemeke4283]

nice video helped a lot thanks

[@TwoTeachers]

Thank you, really glad we could help 😁

[@gabbo7326]

L like it ❤❤❤

[@TwoTeachers]

Thanks 👍

[@lwinklly]

my business teacher gave us this video to revise from

[@TwoTeachers]

Hope it helped 👍

[@intromaker9566]

I am in here for business class

[@TwoTeachers]

Then you're in the right place, hope you find it useful :)

[@Kai_Sedgwick]

@@TwoTeachers Same here

[@TwoTeachers]

Good, hope the video was useful 😁

[@Kai_Sedgwick]

@@TwoTeachers Yep it was thank you :D

[@sunilgavade6580]

Proprietorship, single owner Partnership LLP One Person Private Limited Private Limited Company Limited Company or Public Limited Company, beacuse Share capital was invested by Public

[@TwoTeachers]

Nice one Sunil!

[@raed7107]

im sorry but can you tell me where can i find the source that provided that LTD taxes more efficient than soletrader or partnership

[@TwoTeachers]

From an accountant but there's also lots of information available via Google etc. which will help you find more about this. This article may also help: www.thefriendlyaccountants.co.uk/limited-company-vs-sole-trader/

[@unknown4822]

great video

[@TwoTeachers]

Appreciate it, glad you found it useful 👍

[@sg_eyes7537]

thanks but how about multinationals

[@TwoTeachers]

Yes due to globalisation, many businesses now operate on a multinational basis. Many of these fall into the franchise remit but this isn’t always the case.

[@markbrandonraidon717]

And here is me in drawdown thinking that like man..fuck it lets lose it..and he is Don telling me to get out of drawdown, man i was about to lose it..thank you guys for this one..i hope i make it out of the drawdown😊😅

[@TwoTeachers]

Glad we could help 👍

[@markbrandonraidon717]

10 hours later am up 4%😅..4 more to pass

[@orobatariq9229]

Can someone summerize this for me

[@TwoTeachers]

I wonder if you will get lucky enough and someone does???

[@zaidm1134]

Meh comment has disappeared

[@TwoTeachers]

Not sure why, hope you find the video useful though 😀

[@zaidm1134]

@@TwoTeachers seems suspicious, i bet u removes it from the channel

[@TwoTeachers]

How much do you want to bet Mohammad? We've got a pack of unopened original 150 Pokemon cards we'd put on the line to say we didn't 😂

[@zaidm1134]

@@TwoTeachers imma bet your channel

[@TwoTeachers]

@@zaidm1134 😂😂😂

[@aarongiddingd5977]

Mca??

[@TwoTeachers]

Could you expand and we will try to help.

[@Aijan_7]

whos here from i&s

[@TwoTeachers]

We're here from Sheffield, not sure if any one from I & S are in the house 🤷‍♂️ 😂

[@prncegloww9337]

This accent is hilarious * Compneiyy *😹

[@TwoTeachers]

The Yorkshire accent is said to be the best around 😁

[@reentrysfs6317]

I hate business to much particularly my teacher

[@TwoTeachers]

Give it time, you may learn to love it 😁

[@piucostel1873]

y lyke you

[@TwoTeachers]

y lyke you 😁

[@reentrysfs6317]

Lol

[@TwoTeachers]

lolz ha idst

[@reentrysfs6317]

@@TwoTeachers what?

[@TwoTeachers]

Lol

[@reentrysfs6317]

@@TwoTeachers stop please

[@TwoTeachers]

@Sfs lab Ok, we will, no probs LOL

[@EvansDmymouth]

This guys voice makes it very difficult to listen to

[@TwoTeachers]

You’ve assumed my gender, that’s so 1990s

[@moneyozzz9439]

L

[@TwoTeachers]

K

[@jesalmakwana9843]

Shush. When did I ask

[@CharlyOmega]

You literally clicked on the video

[@TwoTeachers]

By pressing the play button probably 😁

[@TwoTeachers]

Thanks Charly we are glad someone knows how to work KZbin 😂