3 Types of Businesses and Entrepreneurs

Front

A very large business with branches all over the world.

Back

Corporation

Front

A father who wants to take his son into the business with him should form this type of business.

Back

Partnership

Front

Someone who wants to control every aspect of their business should form this type of business.

Back

Sole Proprietor

Front

Over 2 million people own stock in American Steel; what type of business is it?

Back

Corporation

Front

Maria is using her savings to open a shop selling clothing from Mexico. What type of business is it?

Back

Sole Proprietorship

Front

Louise and Susan are meeting to plan a new advertising campaign for the town newspaper they own. What type of business do they have?

Back

Partnership

Front

What type of business did Luigi have when he was responsible for paying all of the restaurant's bills after it went out of business?

Back

Sole Proprietorship

Front

Marco's computer repair business has limited financial resources. What type of business is it?

Back

Sole Proprietorship

Front

This business is long lasting, extending over several generation of owners; what type of business is it?

Back

Corporation

Front

This business is legally separate from individual owners, and the owners are not personally responsible for debts and obligations of the business. What type of business is it?

Back

Corporation