Types of Business Ownership

Both owners are responsible for decisions & business functions in a __________.

Articles of Incorporation are legal documents that define the ownership and operating procedures and conditions of what type of business?

I just started my business and work best on my own, so I set up my business as a __________.

A __________ is a business owned and controlled by two or more people who have entered into an agreement

A __________ is the easiest type of business ownership to set up.

In this type of business ownership, assets are protected and the liability of stockholders is limited to the amount of money invested.

The majority of all businesses are set up as this type of business.

This type of ownership requires a board of directors and bylaws.