Review to Kinds of Business Organization

Organized by two or more persons

(a)  

The owners liability is up and beyond its personal assets

(a)  

Has unlimited life

(a)  

it has juridical personality separate from its owner

(a)  

This kind of ownership has the inclusive power to vote

(a)  

Ownership that has preference over other kinds especially with regard to dividends

(a)  

this is what corporations distribute to its shareholders as share of its income

(a)  

In its books, all the owners has specific accounts including withdrawals

(a)  

It has the convenient of decision making as nobody has the power to oppose

(a)  

When new owner is accepted into the business the old business is dissolved

(a)