Forms of Business

Front

Owners of this type of organization may receive dividends. Options: Sole proprietorship, Partnership, Corporation, Franchise

Back

Corporation

Front

Income is taxed twice for this form of business.

Back

Corporation

Front

This type of business ownership is often entered into by people with complementary skills

Back

Partnership

Front

Business form with only one owner

Back

Sole proprietorship

Front

The life of this business form is NOT limited to the time that the owner/owners are able to operate the business. Options: Sole proprietorship, Partnership, Corporation, Franchise

Back

Corporation

Front

The type of business ownership in which all business decisions are the sole responsibility of the owner.

Back

Sole proprietorship

Front

This type of business is owned by stockholders.

Back

Corporation

Front

The Board of Directors control daily business operations for this type of business.

Back

Corporation

Front

This type of organization is a legal entity separate from its owners.

Back

Corporation

Front

Owners (or stockholders) of this type of organization enjoy limited liability.

Back

Corporation