Business and Market Structures
By: Jamie Draughn & Keviana Poole
Types Of Business Organizations
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
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.