Three type of business organiztion

montrevious jackson

sole proprietorship

1.The sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business.

2.I start a business by myself.


An association of two or more people as partners.

I have a roommate in college.


a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law

it like staying with your parents.


limited liability-it means that he or she is not personally responsible for business debts and obligations of the corporation.

unlimited liability- 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 dividend-is an increase in the amount of shares of a company with the new shares being given to shareholders.

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


It is the most common type of bussiness