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6 marksLegal Forms of Business Ventures

CAPE Entrepreneurship Unit 2 · 2016 · Paper 2 · Question 1(a)

Case 1: Fresh Start Michaela wants to start a carpet cleaning venture and considers options such as a sole trader, partnership, or limited liability company following her grandfather's failed business.

Give a brief description of the THREE types of business ventures mentioned in the case.

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Other parts of this question

  1. 1(b)State TWO advantages and ONE disadvantage of TWO types of business ventures identified in (a).[6 marks]
  2. 1(c)Identify any ONE ethical responsibility of the new carpet cleaning venture. Explain the importance of this responsibility to the venture's success.[3 marks]

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