Business owned by a group of persons
Business owned by two people
Business owned by one person
Business owned by a family
Business owned by one particular person
Business owned by family and friends
Business owned by two people who agree legally two become co/owners
Business who agree to have liability with others
Legal entity with authority to act and have liability apart from its owners.
Owned by one person
Owned by family
Owned by a particular group of people
Being your own boss
Someone else is your boss
Hard to start and end a business
Special taxes
Genreal
Financial
Limited
True
False
True
False
True
False
True
False
Debt of business
How much money the business has
How much money the business makes
Limited Liability
No workers
Ease of ownership change
Initial cost Extensive paperwork Double taxation Two tax returns Initial cost Extensive paperwork Double taxation Two tax returns two tax returns
Initial cost Extensive paperwork Double taxation Two tax returns difficulty of termination
Perpetual life
Steak holders, share holders
Share holders, directors
Employess, benefits of liability
Not taxed like sole proprietor ships
Taxed like sole proprietor ships
A unique government creation that looks like a corporation
Taxed like partnertships
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