Preliminary Examination

Growth limited by the owner's financial means.

• sole proprietorship

• partnership

• corporation

• cooperative

Check and balance maintained with two or more owners

• sole proprietorship

• partnership

• corporation

• cooperative

Risks and losses are shared with other shareholders

• sole proprietorship

• partnership

• corporation

• cooperative

Association of two or more persons who act as co-owners of a business.

• sole proprietorship

• partnership

• corporation

• cooperative

Duly registered association of persons with a common bond of interest

• sole proprietorship

• partnership

• corporation

• cooperative

A business demanding on owner's personal time

• sole proprietorship

• partnership

• corporation

• cooperative

Professional managers may be employed by the members.

• sole proprietorship

• partnership

• corporation

• cooperatives

A business that is easy to set up

• sole proprietorship

• partnership

• corporation

• cooperative

More people benefit from the business

• sole proprietorship

• partnership

• corporation

• cooperative

liabilities are unlimited

• sole proprietorship

• partnership

• corporation

• cooperative