Owned by one person

Owned by stockholders and treated by the law as its own entity

Contractual agreement between the parent company and the business operator to sell a company's products or services in a specific geographic area

Owned by two or more people

The easiest type of business to start but has unlimited liability (can be sued for everything)

Must share the profits and the risks equally

Has limited liability (cannot be sued for everything), is taxed, and government monitors closely

You have to follow strict rules on how to run the business

A law firms and medical practices are typically set up as this type of business

Taco Bell and Blockbuster would be two examples of this type of business

Teachers: Create FREE classroom games with your questions Click for more info!
©2007-2024 Review Game Zone | About | Privacy | Contact | Terms | Site Map