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.Google
Twitter
Examples:
McDonald's
Microsoft
Apple
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