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Published byBernice Hudson Modified over 9 years ago
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Forms of Ownership
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Considerations
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Forms of Ownership
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Proprietorship AdvantagesDisadvantages ⁻
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Partnership AdvantagesDisadvantages ⁻
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Types of Partnerships General Partnership – Partners are publicly known Held liable for partner’s actions Limited Partnership – Liability is limited to the amount of capital invested
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Corporations AdvantagesDisadvantages ⁻
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Types of Corporations C-Corporation – Income is double taxed S-Corporation – owned by few stockholders Special paperwork
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Limited Liability Companies Creates business as a separate entity –
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