Business Types

Organize these advantages into the right categories

Groups:

(a) Sole Proprietorship

,

(b) Partnership

,

(c) Corporation

• limited liability

• unlimited life

• Easy for 2 people to start

• Easy to end

• Easy for 2 people to manage

• Easy for 1 person to start

• Easy to raise capital

• Easy for 1 person to manage

• single owner keeps all profits

• Easier to recruit top people

Organize these disadvantages into the right categories

Groups:

(a) Sole Proprietorship

,

(b) Partnership

,

(c) Corporation

• Unlimited liability

• More regulations

• Expensive to start

• Hard to raise money

• Shareholders have limited control

• Double taxation

• Partners responsible for each other

• Conflict between partners

• Hard to find top employees

Organize these options into the right categories

Groups:

(a) Sole Propiertorship

,

(b) Partnership

,

(c) Corporation

• 1 owner

• 2 or more owners

• Has rights like an individual

Bubba is the only owner, so his business is a (a)   .

• sole proprietorship
• partnership
• corporation
• monopoly

A partnership has (a)   owner(s).

• 2 or more
• just 1
• 0