Forms Of Business Ownership

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Presentation transcript:

Forms Of Business Ownership By : Alisha Jones/Mario Jenkins 2 / 1 / 2011 1st Period

Sole Proprietorship A Business Owned & Managed By One Person . Little Government Regulation Great Risk For The Owner Examples : Kroger

Partnership A Business Owned By Two Or More Persons . The Partnership Is Owned & Controlled By Two Or More People Partners Share An Idea For Business Examples : - Lawyer Partnerships - UNICEF

Corporation A Business Owned By A Group Of People & Authorized By The State In Which It Is Located To Act As Though It Were A Single Person . More Difficult To Form Subject To More Regulations Limited Liability For Investors Examples: - McDonald’s - Starbucks

Limited Liability Partnership & Company A Special Type Of Corporation That Is Taxed As If It Were A Sole Proprietorship Or Partnership . Examples Stocks

Joint Venture Two Or More Businesses That Agree To Sharing The Cost Of Doing Business & Also The Profits . - Fredrick , From Houston , Texas Teamed Up With John From Holland Over The Internet & Together , They Worked Out a Plan To Help A New Yorker Get More Business .

S – Corporation A Corporation That Makes A Valid Election To Be Taxed Under Subchapter S Of Chapter 1 Of The Internal Revenue Code . Examples Tax Return