The Different Types of Ownership.
By: Kevin Pike
The easiest way to start a business. But if you business fails you can lose everything.
A business that you can start with a friend, but for that to work out each person has to share the work, profit, loss, and skill.
Limited Liability Partnership
A business were the profit and loss of money flow through the business of many members to make sure the company never dies. It falls apart when a member dies or goes bankrupt.
A corporation is a legal entity that has been established through law.