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The owner bears all of the risk of loss, or unlimited liability.
Corporation
Corporation
Sole Proprietorship
Sole Proprietorship
Partnership
Sole Proprietorship
Partnership
Partnership
A business organization owned by two or more persons who agree on a specific division of responsibilities and profits.
Corporation
Corporation
Sole Proprietorship
Sole Proprietorship
Partnership
Sole Proprietorship
Partnership
Partnership
Shared profits between owners and ownership shares NOT easily transferred.
Corporation
Corporation
Sole Proprietorship
Sole Proprietorship
Partnership
Sole Proprietorship
Partnership
Partnership
The business has the promise of only one owner to use to try to secure money from investors or lenders.
Corporation
Corporation
Sole Proprietorship
Sole Proprietorship
Partnership
Sole Proprietorship
Partnership
Partnership
Risk of conflict between owners.
Corporation
Corporation
Sole Proprietorship
Sole Proprietorship
Partnership
Sole Proprietorship
Partnership
Partnership
A legal entity owned by individual stockholders.
Corporation
Corporation
Sole Proprietorship
Sole Proprietorship
Partnership
Sole Proprietorship
Partnership
Partnership
Easy transfer of ownership.
Corporation
Corporation
Sole Proprietorship
Sole Proprietorship
Partnership
Sole Proprietorship
Partnership
Partnership
Have the expertise of only the owner to call on.
Corporation
Corporation
Sole Proprietorship
Sole Proprietorship
Partnership
Sole Proprietorship
Partnership
Partnership
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