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Entrepreneurs and their Business Forms

Entrepreneurs and their Business Forms. Sole Proprietorship. a business owned by one individual who receives all the profits and reward and personally bears all the losses and risks. Partnership.

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Entrepreneurs and their Business Forms

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  1. Entrepreneurs and their Business Forms

  2. Sole Proprietorship a business owned by one individual who receives all the profits and reward and personally bears all the losses and risks.

  3. Partnership • a business in which ownership is shared by two or more people who receive all the profits and rewards and personally bear all the losses and risks of the partnership. • Partnership agreement recommended!

  4. Corporation • a business that is owned by stockholders and is a legal entity separate from the stockholders. It has the right to buy, sell and make contracts. • Chief advantage is that each owner’s liability is limited to the amount of money he or she has invested in the company.

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