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58 types of businesses.ppt [read-only]

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Sole Proprietorships -business owned by a single person or a married couple -3/4 of all businesses are sole proprietorships -Advantages -Disadvantages

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Page 1: 58 types of businesses.ppt [read-only]

Sole Proprietorships

-business owned by a single personor a married couple

-3/4 of all businesses are soleproprietorships

-Advantages

-Disadvantages

Page 2: 58 types of businesses.ppt [read-only]

Partnerships

-business owned by two or morepeople

-Advantages

-pool resources and capital

-Disadvantages

Page 3: 58 types of businesses.ppt [read-only]

Corporations

-business that has a great manyowners

-sell stocks to investors

-pay dividends to shareholders

Page 4: 58 types of businesses.ppt [read-only]

Corporations

-Limited liability

-the ability of a corporation toprotect its shareholders by placingonly the amount of capital theyhave invested at risk

-Incorporation---legal process offorming a corporation throughstate government

-Advantages

-Disadvantages

Page 5: 58 types of businesses.ppt [read-only]

Non-Profit Organizations

-business that is organized toprovide a service and not to makelarge profits for the owners

-many are charities or servicegroups

-Advantages

-Disadvantages


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