Business Organazation

Fabiola A.

Sole Proprietorship

  • When a business is owned by one person.
  • A book keeping business


  • A business owned and run by two or more people
  • Apple


  • A legal entity that is separate and distinct from its owners.
  • Stock


  • He or she is not personally responsible

Unlimited Liability

  • A type of business where owners share joints and several responsibility for the entire amount of dept and other liabilities.


  • The capital raised by a business or corporation through the issue and subscription of shares


  • The share of money paid regularly by a company to its shareholders out of its profits.

Board of Director

  • A body of elected or appointed members who jointly oversee the activities of a company or organization.

Most Common

  • A sole proprietorship is the most common type of business