1. Forms Of Business Ownership
By : Alisha Jones/Mario Jenkins
2 / 1 / 2011
1st Period

2. Sole Proprietorship A Business Owned & Managed By One Person .
Little Government Regulation
Great Risk For The Owner
Examples :
Kroger

3. Partnership A Business Owned By Two Or More Persons .
The Partnership Is Owned & Controlled By Two Or More People
Partners Share An Idea For Business
Examples :
- Lawyer Partnerships
- UNICEF

4. Corporation
A Business Owned By A Group Of People & Authorized By The State In Which It Is Located To Act As Though It Were A Single Person .
More Difficult To Form
Subject To More Regulations
Limited Liability For Investors
Examples:
- McDonald’s
- Starbucks

5. Limited Liability Partnership & Company
A Special Type Of Corporation That Is Taxed As If It Were A Sole Proprietorship Or Partnership .
Examples
Stocks

6. Joint Venture
Two Or More Businesses That Agree To Sharing The Cost Of Doing Business & Also The Profits .
- Fredrick , From Houston , Texas Teamed Up With John From Holland Over The Internet & Together , They Worked Out a Plan To Help A New Yorker Get More Business .

7. S – Corporation
A Corporation That Makes A Valid Election To Be Taxed Under Subchapter S Of Chapter 1 Of The Internal Revenue Code .
Examples
Tax Return