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Forms Of Business Ownership
By : Alisha Jones/Mario Jenkins2 / 1 / 20111st Period
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Sole Proprietorship
A Business Owned & Managed By One Person .› Little Government
Regulation› Great Risk For The Owner
Examples :Kroger
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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
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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
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Limited Liability Partnership & Company
A Special Type Of Corporation That Is Taxed As If It Were A Sole Proprietorship Or Partnership .
Examples Stocks
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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 .
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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