types of business ownership 1 discuss the sole proprietorship legal form. explain the partnership...
TRANSCRIPT
Types of Business Ownership Types of Business Ownership
1
Discuss the sole proprietorship legal form.Explain the partnership legal form. Explain how the corporate form gives owners more protection from liability.Discuss the advantages and disadvantages of a C-corporationDescribe a Subchapter S corporation.Compare nonprofit corporations to C-corporations.Explain the limited liability company.Discuss how to decide which legal form to use
Section 7.1 Sole Proprietorships and Partnerships
7.1/7.2
Types of Business Ownership Types of Business Ownership
2
sole proprietorship
liability protection
unlimited liability
Section 7.1 Sole Proprietorships and Partnerships
7.1
partnership
general partner
limited partner
corporation
C-corporation
shareholders
limited liability
7.2
Subchapter S corporation
limited liability company (LLC)
nonprofit corporation
Sole Proprietorship
Section 7.1 Sole Proprietorships and Partnerships 3
Advantages
Sole Proprietorship
Section 7.1 Sole Proprietorships and Partnerships 4
Disadvantages
Partnerships
Section 7.1 Sole Proprietorships and Partnerships 5
Advantages
Partnerships
Section 7.1 Sole Proprietorships and Partnerships 6
Disadvantages
Types of Business Ownership Types of Business Ownership
7
1. Discuss the sole proprietorship legal form.
Section 7.1 Sole Proprietorships and Partnerships
7.1
Types of Business Ownership Types of Business Ownership
8
2. Explain the partnership legal form.
Section 7.1 Sole Proprietorships and Partnerships
7.1
C-Corporation
Section 7.2 Corporations 9
Advantages
C-Corporation
Section 7.2 Corporations 10
Disadvantages
Types of Business Ownership Types of Business Ownership
11
1. Explain how the corporate form gives owners more protection from liability.
Section 7.2 Corporations
7.2
Types of Business Ownership Types of Business Ownership
12
2. Discuss the advantages and disadvantages of a C-corporation.
Section 7.2 Corporations
7.2
Types of Business Ownership Types of Business Ownership
13
3. Describe a Subchapter S corporation.
Section 7.2 Corporations
7.2
Types of Business Ownership Types of Business Ownership
14
4. Compare nonprofit corporations to C-corporations.
Section 7.2 Corporations
7.2
Types of Business Ownership Types of Business Ownership
15
5. Explain the limited liability company.
Section 7.2 Corporations
7.2
Types of Business Ownership Types of Business Ownership
16
6. Discuss how to decide which legal form to use.
Section 7.2 Corporations
7.2