CHOOSING A FORM OF BUSINESS OWNERSHIP
1.Sole Proprietorship- A business that is owned, and usually managed, by one person.
2.Partnership- A legal form of business with two or more owners.
3.Corporation- A legal entity with authority to act and have liability separate from it's owners.
ENTITY- 1 a : being, existence; especially : independent, separate, or self-contained existence b : the existence of a thing as contrasted with its attributes
2 : something that has separate and distinct existence and objective or conceptual reality
3 : an organization (as a business or governmental unit) that has an identity separate from those of its members
Type of ownership Most popular sales
Sole Proprietorship 72% 6%
Partnership 8% 13%
Corporation 20% 81%
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment