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  • Different Form of Business Organizaton

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    Johnny Janulgue
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    The document outlines 4 main forms of business organization: 1) Sole proprietorship which is owned and operated by a single individual who has full control and responsibility. 2) Partnership which is owned and operated by 2 or more individuals who share responsibilities, profits, and liabilities. 3) Corporation which is a separate legal entity from its owners, can raise capital by selling stock, and provides limited liability. 4) Limited Liability Company (LLC) which is a flexible structure that combines elements of a corporation and partnership while offering limited liability and pass-through taxation.

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    The document outlines 4 main forms of business organization: 1) Sole proprietorship which is owned and operated by a single individual who has full control and responsibility. 2) Partnership which is owned and operated by 2 or more individuals who share responsibilities, profits, and liabilities. 3) Corporation which is a separate legal entity from its owners, can raise capital by selling stock, and provides limited liability. 4) Limited Liability Company (LLC) which is a flexible structure that combines elements of a corporation and partnership while offering limited liability and pass-through taxation.

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    © All Rights Reserved
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    12 views1 page

    Different Form of Business Organizaton

    Uploaded by

    Johnny Janulgue
    The document outlines 4 main forms of business organization: 1) Sole proprietorship which is owned and operated by a single individual who has full control and responsibility. 2) Partnership which is owned and operated by 2 or more individuals who share responsibilities, profits, and liabilities. 3) Corporation which is a separate legal entity from its owners, can raise capital by selling stock, and provides limited liability. 4) Limited Liability Company (LLC) which is a flexible structure that combines elements of a corporation and partnership while offering limited liability and pass-through taxation.

    Copyright:

    © All Rights Reserved
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    of 1

    DIFFERENT

    FORM OF
    BUSINESS
    ORGANIZATON

    01Sole Proprietorship: A business


    owned and operated by a single
    individual. It's the simplest form
    and the owner has full control
    and responsibility.

    02 Partnership: A business owned


    and operated by two or more
    individuals who share
    responsibilities, profits, and
    liabilities. There are general and
    limited partnerships.

    03 Corporation: A legal entity


    separate from its owners, often
    with shareholders, which provides
    limited liability protection. It can
    raise capital by selling shares of
    stock.

    04 Limited Liability Company (LLC):


    A flexible business structure that
    combines elements of a
    corporation and a partnership. It
    offers limited liability protection
    and pass-through taxation.

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