Business Ownership Types

Front

A business owned by one person.

Back

Sole Proprietorship

Front

This business form gets taxed twice.

Back

corporation

Front

This business form has access to more capital.

Back

partnership

Front

This business form is able to raise capital easier and is easy to sell.

Back

corporation

Front

A business owned by two or more people.

Back

partnership

Front

This business form is expensive to form and dissolve.

Back

Sole proprietorship

Front

This business form allows you to collect all the profits and have complete control of the company.

Back

sole proprietorship

Front

How is a corporation different from a sole proprietorship or partnership?

Back

The owners (stockholders) have limited liability.

Front

Nike, Google and Apple are examples of.....

Back

Corporations

Front

Advantages of this business type are that the owner is their own boss and gets to keep all the profits. Options: Partnership, Sole Proprietorship, Corporation, Franchise

Back

Sole Proprietorship