Forms Of Business Ownership

By : Alisha Jones/Mario Jenkins2 / 1 / 20111st Period

Sole Proprietorship

A Business Owned & Managed By One Person .› Little Government

Regulation› Great Risk For The Owner

Examples :Kroger

Partnership

A Business Owned By Two Or More Persons .› The Partnership Is Owned & Controlled By

Two Or More People› Partners Share An Idea For Business

Examples :- Lawyer Partnerships- UNICEF

Corporation

A Business Owned By A Group Of People & Authorized By The State In Which It Is Located To Act As Though It Were A Single Person .› More Difficult To Form› Subject To More Regulations› Limited Liability For Investors

Examples:- McDonald’s- Starbucks

Limited Liability Partnership & Company

A Special Type Of Corporation That Is Taxed As If It Were A Sole Proprietorship Or Partnership .

Examples Stocks

Joint Venture

Two Or More Businesses That Agree To Sharing The Cost Of Doing Business & Also The Profits .

- Fredrick , From Houston , Texas Teamed Up With John From Holland Over The Internet & Together , They Worked Out a Plan To Help A New Yorker Get More Business .

S – Corporation

A Corporation That Makes A Valid Election To Be Taxed Under Subchapter S Of Chapter 1 Of The Internal Revenue Code .

ExamplesTax Return