Duo Business Organizations

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Sole Proprietorship

A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between the business and you, the owner.

Ex: Good Times


A partnership is a business owned and operated by two or more people. They share the profits and have unlimited liability for the debts and obligations of their firm.

Ex: Sam's Club


A form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual.

Ex: Target

Most Common

Sole Proprietorship


a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves