3.06Classify the forms of business ownership

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3.06 Classify the forms of business ownership
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A sole proprietorship is

• One owner
• 70 of the U.S.
• Advantages vs. Disadvantages
• For example The Village Store

3
A partnership is

• Two or more owners
• lt10 of the U.S.
• Advantages vs. Disadvantages
• For example Music Store

4
A corporation is

• Stockholders
• Private (closed)
• Public (open)
• Advantages vs. Disadvantages
• For example Microsoft

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A LLC is

• Limited Liability Corportation
• Partnership Corporation
• Advantages vs. Disadvantages