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OPTIONS FOR ORGANIZING BUSINESS (partnerships (types of partnerships…
OPTIONS FOR ORGANIZING BUSINESS
sole proprietorships
are budiness owned by one person
advantages of sole proprietorships
disadvantages of sole proprietorships
partnerships
an assosiation of two or more persons
types of partnerships
general
limited
articles of partneship
advantages and disadvantages
taxation of partnerships
corporations
is a legal entity created by the state
creating a corporation
types of corporations
domestic
foreign
alien
private
public
quasi-public
nonprofit
elements of a corporation
advantages and disadvantages
other types of ownership
S Corporations
limited lability company
joint venture
cooperatives
trends in business owneship: mergers and acquisitions
aquisition
leveraged buyout
merger