Only About Business
three types of business
It has an single owner , who takes all the risks and receives all the profits. You have unlimited liability is when the business owner is responsible for all the business debts. This is the most common bussiness now
Partnership divides the risk and profits of a business among two or more people.
Corporation issues shares of the stock to investors. this contain limited liability (a share holder is not responsible for a corporations debts). Board of directors (people who are elected by shareholders to run a corporation). Dividends ( a shareholders share of a corporations profits). Stock ( a stock shares of ownership in a corporation.