Have the expertise of only the owner to call on.

Shared profits between owners and ownership shares NOT easily transferred.

Higher Taxes and start up costs.

Easy transfer of ownership.

Risk of conflict between owners.

The owner bears all of the risk of loss, or unlimited liability.

A business owned and managed by a single individual.

A business organization owned by two or more persons who agree on a specific division of responsibilities and profits.

The business has the promise of only one owner to use to try to secure money from investors or lenders.

A legal entity owned by individual stockholders.

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