Much of the spending is going towards supporting businesses.


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Apply for a start-up loan for your businessThe UK government has mounted one of the most aggressive economic responses to the COVID-19 pandemic, pledging billions of pounds to support businesses and Start-Ups through the crisis. The UK government has pledged the equivalent of 8.5% of GDP towards fighting the crisis. Much of the spending is going towards supporting businesses. Considering the above, a government backed Start Up loan of £500 to £25,000 to start or grow businesses was introduced. Unlike a business loan, this is an unsecured personal loan. You are considering a career as an entrepreneur and you are aware of the current opportunities, hence your decision to start your own business.To help you develop your ideas further to create a viable business start-up, address the following questions:Question One:a) Construct a table to show the various legal statuses of businesses (such as PLC, LTD, Registered Charity etc) that your business may adopt. Identify the rela

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