Forms of Business Organizations

A business owned by one person

• Partnership

• Sole Proprietorship

• Corporation

• Franchise

• Non-Profit

A business owned by 2 or more people who share the risks and rewards

• Partnership

• Sole Proprietorship

• Corporation

• Franchise

• Non-Profit

A business that is registered with the state and is separate from its owners.

• Partnership

• Sole Proprietorship

• Corporation

• Franchise

• Non-Profit

A type of business who provides a service and does not make a profit or pay taxes

• Partnership

• Sole Proprietorship

• Corporation

• Franchise

• Non-Profit

When the owner(s) are completely responsible for debts

• Liability

• Limited Liability

• Unlimited Liability

Responsible for a limited amount of business's debt, only the amount you invest

• Liability

• Limited Liability

• Unlimited Liability

The largest number or businesses in the US

• Corporation

• Franchise

• Partnership

• Sole Proprietorship

Generates the largest revenue(most money)

• Corporation

• Sole Proprietorship

• Partnership

• Non-Profit

Full legal and financial responsibility for a business.

• Corporation

• Producers

• Manufacturers

• Unlimited Liability

A contractual agreement to use the name and sell the goods or services of an existing company

• Franchise

• Non Profit Organization

• Cooperative

• Limited Liability