Entrepreneurship and Business Ownership. Entrepreneurship.

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Presentation transcript:

Entrepreneurship and Business Ownership

Entrepreneurship

What Is an Entrepreneur? Entrepreneurs are people who launch and run their own businesses. What do you think of when you hear the word entrepreneur?

Entrepreneurs in Large/Medium-Sized Businesses Many large and medium-sized businesses have begun to encourage their managers to become more innovative and to take more risks. Intrapreneurship – entrepreneurship within a large or medium-sized company. Intrapreneurs – people who take risks, but not with their own investments.

Business Ownership

Sole Proprietorship It is a business owned and run by one individual.

Partnership A business owned and run by two or more people.

Corporation A corporation is a company or group of people authorized to act as a single entity (legally a person).

Limited Liability Company (LLC) It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.