Business Ownership Review

Business owned by 1 person

• Sole Proprietorship
• Corporation
• Non-Profit Organization
• Partnership

You can sell shares of stock which brings in capital

• Corporation
• Sole Proprietorship
• LLC
• Non-Profit Organization

This business type protects owners personal assets, like car, house, money, etc. and can have one or more owners

• LLC
• Sole Proprietorship
• Corporation
• Non-Profit Organization

Takes a lot of time, money, and people to start

• Corporation
• Sole Proprietorship
• LLC
• Non-Profit Organization

This type of business can have a single or multiple owners but is taxed like a corporation.

• LLC
• Sole Proprietorship
• Corporation
• Non-Profit Organization

Very common way to start up a business if you want to work with someone else.

• Partnership
• Sole Proprietorship
• Corporation
• Non-Profit Organization

Owners are the shareholders.

• Corporation
• Sole Proprietorship
• Partnership
• Non-Profit Organization

Easier to start up the business when many owners and many different assets are brought in

• Corporation
• Sole Proprietorship
• LLC
• Non-Profit Organization

Owners are not responsible for the business's debts

• Corporation
• Sole Proprietorship
• Partnership
• Non-Profit Organization

Small details, procedures, hiring and training systems, etc., of conducting the business are already figured out for you

• Franchise
• Sole Proprietorship
• Corporation
• Non-Profit Organization