three types of businesses.

by Cody Riggins

Start off discussion

The three types of business organizations are sole proprietorship, partnership, and corporation. All three can be changed by for the most part we will discuss what they are and what they do.

More information including definitions of important words

things to know !!!

the following are words to know including there definitions.Limited liability is where a person's financial liabilityis limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.Unlimited liability refers to the legal obligations general partners and sole proprietors because they are liable for all business debts if the business can't pay its liabilities. stock-

the capital raised by a business or corporation through the issue and subscription of shares.Dividend-

a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).

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