Three Types Of Business Organizatio
Michael Harper Jalon Williams
Sole Proprietorship
unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm
Example : Images Owner: ( windell )
Partnership
unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations of the firm
Example : Burger KIng
Corporation
- form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the rights to buy and sell property, enter into legal contracts, sue and be sued.
Example : Nike