Types of Business Ownership

Standard 10:  Compare and contrast the three primary types of business ownership: sole proprietorship, partnership, and corporation. Research a local business in the community and compile a profile detailing the type of ownership, history and background of founding, and description of products or services offered. In an informative narrative, highlight any changes the business has made to its operations in response to market and population shifts, infrastructure development (i.e., interstates, public transportation), inventions, expansion opportunities, and other market factors.

Types of Business Ownership

If you want to start your own business, you'll need more than a great idea.  You'll need to decide how you will set up your business legally.

Watch the video that explains the different types of business organization.

Student Research Worksheet

Let's look at some local businesses and research how they are set up.  Complete the worksheet by researching a local business.  On the back of the worksheet, select a business of your choice and  research to answer the questions.



For more info on this topic:

http://quickbooks.intuit.com/r/structuring/sole-proprietorship-partnership-llc-or-corporation-whats-right-for-your-business/

https://www.sba.gov/starting-business/choose-your-business-structure