by Willie Moody
3 Types of Business Organization
Partnerships would be splitting payments for a phone bill, because if one person messes up for a month the whole contract is messed up.
Corporations share stocks with investors just like Burger King share stocks with their investors.
Unlimited liability-all risks and profit belong to one person.
Board of Directors- run the corporation
dividends- their share of the profits.
stock- goods or merchandise kept on the premises of a business and available for sale