58 types of businesses.ppt [read-only]
Post on 10-Jun-2015
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Sole Proprietorships
-business owned by a single personor a married couple
-3/4 of all businesses are soleproprietorships
-Advantages
-Disadvantages
Partnerships
-business owned by two or morepeople
-Advantages
-pool resources and capital
-Disadvantages
Corporations
-business that has a great manyowners
-sell stocks to investors
-pay dividends to shareholders
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
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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