This business entity is owned by one person

DisAdvantages of this business entity: share the profit, possible disagreements, contract needed, share unlimited liability

This business entity is owned by many people----shareholders/stockholders

Which ownership? Examples: Dentist and doctor's offices, real estate brokers, lawyers.

Which ownership? Examples: Mcdonalds, Ford, Apple, Footlocker

Which ownership? Examples: Taco Bell, Blockbuster, Applebees

This business entity is an agreement to sell a company's products and services

Advantages of this business entity: easy to start, you're your own boss, owner keeps all profits

Advantages of this business entity: Get $$ by selling stock, limited liability

Advantages of this business entity: easy to start, can rely on good company's reputation, company will help you

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