Forms of Bussiness
Stanford University
Sole Proprietorship
A business that is owned and managed by one individual who receives all profits and bears all losses.
examples:
- Presidential Insurance Company
- Musicians
- Small Contractors
- Small Businesses
- Hair Salons
https://www.sba.gov/content/sole-proprietorship
www.irs.gov/.../Small-Businesses-&-Self-Employed/Sole-Proprietorships
Small Businesses
Partnership
A businesses that is owned and managed by two or more individuals who receive all profit and bear all losses
- Hewlett Packard
- Mc. Donald's
- Apple
- Wrarner Bros.
- Microsoft
Coorporation
a business that is owned by stock holders and that has legal rights and responsibilities as if it were a person. :))
- nike
- best buy
- adidas
- x-box/sony
www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Corporations
www.investopedia.com/terms/c/corporation.asp