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A．Limited company status means that a company is only allowed to trade up to a  predetermined turnover level  in any one year.
B．The benefit of being a sole trader is that you  have no  personal  liability for the debts of your business.
C．For organisations that have  limited company status,  ownership and control are legally separate.
D．Ordinary partnerships offer the same benefits as limited companies but are  usually formed by professionals such as doctors and solicitors.