Ch. 7-8 Test is Thursday (warm-ups due on test day)

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Presentation transcript:

Ch. 7-8 Test is Thursday (warm-ups due on test day) ECONOMICS: March 4 Warm-up Do the following have limited or unlimited liability? Sole proprietors; general partners; limited partners. Define limited liability. Economics Learning Target In order to understand business organizations, I will analyze the different types of business organizations. I will know I have it when I can list and explain the advantages and disadvantages of sole proprietorships, partnerships, and corporations especially in terms of: (1) ease of formation; (2) owner and operator liability; (3) ability to raise money;(4) ability to make money; and (5) taxation. See HO from earlier --complete partnership handout if have not done so See New HO from today --Corporations (new HO) -definition; structure; advantages; disadvantages Assignment --Make sure you have your sole proprietorships, partnerships, and corporations handouts for a short, open-notes quiz TOMORROW --Read Ch. 8, Sect. 1 Ch. 7-8 Test is Thursday (warm-ups due on test day)