3. ADVANTAGESDISADVANTAGES  Be your own boss  Keep all the profits  Less paperwork  Low regulation  Limited access to money  Full liability  Time  Lack permanence

4. ADVANTAGESDISADVANTAGES  Easy to start  Specialized skills  Tax incentives  Fringe benefits  Potential for conflict  Limited Liability  General Partnership

5. ADVANTAGESDISADVANTAGES  Legal liability  Buy/ad power  Expertise  Capital  Stock  Lose control  Regulation  Scope  Competition

6. ADVANTAGESDISADVANTAGES  Training  Product  Ads  Loans  Royalties  Restrictions  Products

7.  Nonprofit – functions like a business for benefit of society not to make profits  Cooperative – collection of business persons for their mutual benefit

8.  Based on information about the business organizations, which would fit your personality and career choice the best? EXPLAIN.