Free Printable Forms of Business Organisations

Worksheets

Forms of Business Organisations

Total questions: 20

Worksheet time: 20mins

Name

Class

Date

This type of business is owned by two or more people.

Sole Proprietorship

Partnership

Corporation

Franchise

This type of business is owned by one person.

Partnership

Sole Proprietorship

Corporation

Franchise

This type of business is owned by many people called stockholders.

Sole Proprietorship

Partnership

Corporation

Franchise

This type of business is a contractual agreement with a parent company to sell its products/services in an area.

Sole Proprietorship

Partnership

Corporation

Franchise

Law firms and doctor's offices are examples of.....

Sole Proprietorships

Partnerships

Corporations

Franchises

Nike, Google and Apple are examples of.....

Sole Proprietorships

Partnerships

Corporations

Franchises

McDonald's and Burger King are examples of....

Sole Proprietorships

Partnerships

Corporations

Franchises

Advantages of this business type are that the owner is their own boss and gets to keep all the profits.

Partnership

Sole Proprietorship

Corporation

Franchise

Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.

Sole Proprietorship

Partnership

Corporation

Franchise

10.

Advantages of this business include: easier to get money from the bank to start, share skills and share risks.

Sole Proprietorship

Partnership

Corporation

Franchise

11.

Disadvantages of this business type include: needs a partnership agreement, partners might not get along, owners share profits, unlimited liability.

Sole Proprietorship

Partnership

Corporation

Franchise

12.

Advantages of this type of business include: selling stock to raise money, limited liability.

Sole Proprietorship

Partnership

Corporation

Franchise

13.

Disadvantages of this type of business include: company is taxed on profits, regulated by the government, and hard to start.

Sole Proprietorship

Partnership

Corporation

Franchise

14.

Advantages of this type of business include: easy to start, and you can rely on a good company name and expertise.

Sole Proprietorship

Partnership

Corporation

Franchise

15.

Disadvantages of this type of business include: parent company is strict, you are limited in what you sell, and you must operate like every other franchise.

Sole Proprietorship

Partnership

Corporation

Franchise

16.

How is a corporation different from a sole proprietorship or partnership?

A corporation has only one or two owners.

A corporation is usually owned by one person.

A corporation requires a legal charter with the state.

The owners (stockholders) have limited liability.

17.

No paperwork (charter or agreement) is required to start which type of business?

Partnership

Franchise

Sole Proprietorship

Corporation

18.

Which type of business allows the owner to keep all of the profit for him/herself?

Partnership

Franchise

Sole Proprietorship

Corporation

19.

Which business depends on just one person for the skills and talents to run the business?

Sole Proprietorship

Partnership

Corporation

Franchise

20.

When comparing the four main types of business organizations, which protects owners the MOST from personal financial liability due to being sued by a customer?

Sole Proprietorship

Partnership

Franchise

Corporation

Reset

Forms of Business Organisations

Total questions: 20

Worksheet time: 20mins

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