AOF PRINCIPLES OF FINANCE LESSON 11: FORMS OF BUSINESS OWNERSHIP

READING: FORMS OF BUSINESS OWNERSHIP Before you begin the reading, review the Title, Headings, and Key Words within the reading. You will use the Defining Format strategy to further your understanding of the types of business ownership mentioned within the reading. Once you have completed the reading, use the Defining Format strategy to define Each form of business ownership.

DEFINING FORMAT STRATEGY TermCategoryCharacteristics A sole proprietorship is a ___ A partnerships is a ___ Corporations are ___ A LLC is a ___ Form of business ownership that ___ Do the same for each term

QUESTION If corporations generate 85% of the total revenue, why would most businesses be organized as proprietorships?