Business and Market Structures

By: Jamie Draughn & Keviana Poole

Types Of Business Organizations

Sole Proprietorship- has a single owner,who takes all the risks and receives all the profits.

Example- Owning your own hair salon.

Partnership-divides the risks and profits of a business among two or more people.

Example- Mark Zuckerberg and Accel Partners (Facebook Creators)

Corporation-Issues shares of stock to investors

Example- Walmart

Limited Liability- situation in which a shareholder is not responsible for a corporations.

Unlimited Liability-situation in which a business owner is responsible for all the business debts.

Stock-Shares of ownership in a corporation.

dividend-a shareholders share of share of a corporations profits.

Board of Directors-is a body of elected or appointed members who jointly oversee the activities of a company or organization.

Which type of business is the most common ?

Sole Propiertorship
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