Three Types of Buisness
By: Saige Roberts
Proprietorship and Partnership:
Proprietorship:
- Owned and run by single person
- Owner has full pride and profit
- Unlimited Liability and limited financial capital
Partnership:
- Owned and operated by two people who have legally designated responsibilities
- Pride of owning part of a business, raise more financial capital, more talents and abilities
- Unlimited Liability, complex legal structure
For Visual Learners
Proprietorship
Anyone who owns their own lawn care business or babysits has participated in a proprietorship.
Partnership
Alice and her husband Ron are partners in this vintage clothing business. The SHARE roles in the business.
Corporations
Owned by any number of people including Mr. Williams.
Anyone Can Own a Business!
Corporations:
- Owned and managed by any number of people
- Easily raise financial capital, and able to grow with more money
- Expensive and complex to start, business owners have VERY little say, subject to regulation and double taxation
BUSINESS MADE SIMPLE
Email: saige.roberts31697@gmail.com
Website: http://www.keepcalmandrescueon.myevent.com
Location: Roscoe, NY, United States
Phone: (607)-498-9984
Twitter: @Saigey31697