Forms of OwnershipBy: Diego Miranda

When an individual owns and operates there own business. There is very little government regulations, but there are great risk for the owner.

Sole Proprietorship

When 2 or more people own and operate a business. They share ideas and, profits.

Partnership

Separate legal entity owned by one or more shareholders and managed by a board of directors. There are a lot of government regulations and are very difficult to form.

Corporation

Form of business where one, or more people, lease or sell the right to provide a product.

Franchise

Al limited liability company combines traditional corporate and partnership characteristics. Members of a limited liability company are given the same advantage of limited liability as shareholders of a corporation, while generally being taxable at the member level, like a partner in a partnership.

Limited Liability, Partnership and Company

Combining resources and skills to complete a project.

Joint venture

Form of business where 2 or more people or firms come together to share resources.

Cooperative

Governed by sub chapter of the internal revenue code (earnings and taxes are pre treated at the individual owners level)

S-Corporation

Business organization for a social, charitable, or educational purposes.

Non-Profit Corporation Business