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The business could turn three ways. At the minute it is a PLC (public limited company). But it could turn into 1. A private limited company, 2. Franchise or 3. Co-operative
To become a private limited company...
I could get rid of one of the share holders now, to make us just be in business with two share holders. But that could make us at a disadvantage, because our shares cant be sold on a stock market.
To be come a franchise...
if we were to become a franchise we would have to expand our business to different places. Where we would have managers in charge of the store.
To become a Co-operative business...
To become a co-operative business. I could join to another business like waterstones, And we would be come a joint business. There is many advantages and disadvantages to this. The advantage is our finances could be raised therefore more money. But the disadvantage is it can take a longer time to make a decision and more members means the profit has to be spread out even more, therefore less money.
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