Types of Business Organizations

Eryon Patrick ,Charles Miller

Other Terms and Notes

Limited Liability- liability is shared between multiple ownwers.

Unlimited Liability- the owner is personally responsible for all the business's debts.

Stock- what is issued by coorperations to investors .

Dividend- investors share of profits.

Board of Directors- hire a CEO to make day to day decision.

NOTE: the most common type is Sole Proprietorship