Forms of Business Ownership

Michael Larson & Cristian Molina

Sole Proprietorship

A Sole Proprietorship is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business.

Simplest form of business.


Examples:

Small shops and Boutiques

Artisans and Musicians

Independent Contractors

Commission-Only Sale

Computer-Repair Service

Partnership

A business that is owned and managed by two or more individuals who recieve alll profits and bear all losses.


Examples:

McDonald's

Microsoft

Apple

Google

Twitter

Corporation

a corporation,also known as a "company", is a group of people authorized to act as a single entity (legally a person) and recognized as such in law.


Example:

Amazon

Adidas

Nike

Dell

Mitsubishi

Forms of Business Ownership
Main types of business
Types of Business Organizations