The Different Types of Ownership.
By: Kevin Pike
Sole Proprietorship
The easiest way to start a business. But if you business fails you can lose everything.
http://www.youtube.com/watch?v=V0Noy8j9ft8&feature=player_detailpage
Partnership
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.
http://www.youtube.com/watch?v=HXaBVFnZ_dQ&feature=player_detailpage
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.
http://www.youtube.com/watch?v=PzSw6OsEP9Q&feature=player_detailpage
Corperation
A corporation is a legal entity that has been established through law.
http://www.youtube.com/watch?v=F1z-d43-4lA&feature=player_detailpage
Citation
Wikipedia, Youtube.