3 Types of Business
by Geddi Monroe
A business owned and managed by a single individual.
Example: Casa Grande
Advantages: Full Profit return, Full control
Disadvantages: Full Profit loss, No aid when the ship starts sinking
A business organization owned by two or more persons who agree on a specific division of labor and profit.
Example: Appalachian Regional Development Institute
Advantages: Divided failure, good backup
Disadvantages: Divided Success, disagreements
A legal entity owned by individual stockholders
Example: Schultz Manufacturing Plant
Advantage: Can be supported by stockholders, holders take some of the hit in the event of collapse
Disadvantage: Not as much control, stockholders can determine success