Business Organnizations

The 3 Types

Sole Proprietorship

Owning a business all by one's self.

EX- DJ's Barber Shop


(most common)

Partnership

Sharing ownership of a business with someone.

EX- Johnson&Johnson

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

Corporation

Owning a business with a group.

EX- Nike

Board of Directors

These people are hired to make Day-To-Day decisions for a business.