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.


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.


Wikipedia, Youtube.