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Forms of Business Ownership
Published by Ευαδνη Γαλήνη Λούλης Modified over 6 years ago
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Presentation on theme: "Forms of Business Ownership"— Presentation transcript:
Chapter 4.3 Choose the legal form of your Business
1. 1.To examine the steps to the process of becoming a business owner. 2.To differentiate the various types of business ownership. 3.To illustrate the.
Forms of Business.
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Types of Business Ownership
A sole proprietorship is a business owned and operated by one individual Disadvantages: Sole proprietors have unlimited liability and are legally responsible.
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Name one type/form of business ownership
1 Chapter 7 Business Ownership and Organization 9/12/2015 © ©1999 South-Western College Publishing.
4/2/08Version Adapted for use by ASFMRA 1 of 28 Ag Land Management Business Ownership Structure.
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Jan 2, 2015 · The document discusses the three main forms of business organization: sole proprietorships, partnerships, and limited liability companies. It outlines the key factors to consider when selecting a business form, such as owner liability, ease of formation, ability to raise funds, and taxes. The advantages and disadvantages of each form are provided.
Mar 8, 2014 · It provides characteristics, advantages, and disadvantages of each form. Key factors to consider in choosing a form of ownership are control, liability, costs, taxation, and managerial ability. Alternative approaches to starting a business mentioned are buying an existing business, entering a family business, or owning a franchise. Read less
Apr 24, 2020 · 3. Sole proprietorship • As the name suggests, ‘sole’ means ‘only one’ and ‘proprietorship’ implies ‘ownership’. Hence, a sole proprietorship is a form of business organisation, wherein a single person owns, manages and controls, all the business activities and the individual who operates the business is called as a sole proprietor or, a sole trader. 24-Apr-20 3
Choosing a Form of Business Ownership Owning a Business The Five Most Common Forms – The designated type of business as it is operated in regards to tax & liability reasons Sole Proprietorship – the business is owned by a single individual Partnership – two or more people serve as co-owners of the business Corporation (C-Corp) – the business is a separate legal entity S-Corporation ...
Presentation on theme: "Forms of Business Ownership"— Presentation transcript: 1 Forms of Business Ownership ©William Klinger. This work is licensed under a Creative Commons Attribution 4.0 license Adapted from Fundamentals of Business Download this book for free at:
Presentation on theme: "Forms of Business Ownership"— Presentation transcript: 1 Forms of Business Ownership Businesses can take a variety of legal forms, each with its own advantages and disadvantages, so knowing more about each will serve you well. we will discuss the most popular forms of business ownership: sole proprietorship, general partnership, limited partnership, corporation, S ...